Okay, so that producer is buying a piece of machinery where the breakdown is happening in the markets. When the machinery is built.... I'll use Bourgault as an example, because it's close to my riding. They build air drills, and they make a damn good air drill, but the concern is about after they've built it; they might build it in July and it won't get used until next spring. The dealers need to bring that inventory in to sell it. So they'll speculate a bit. They'll basically base it on knowing their farmers, who's going to buy what, or based on programs at the time. They'll bring that inventory in and Bourgault gets paid usually, historically, from Textron and then basically the interest would be paid by the dealer or by Bourgault, depending on their arrangement.
And then when the machinery is paid out, Textron is paid out, they make the capital and the interest rate, and FCC or somebody else may come in and actually finance it for the farmer, or the credit union in this case too. But what's missing is that link. That link is tied to a serial number. What I think a lot of people don't understand is that the banks come in and say, we'll up your operating line. They go to the dealer and say, we'll up your operating line, we'll take you from $1 million to $2 million, but we're going to up it about two or three points. What the dealer's really asking for is, no, don't up our operating line, just give me the wholesale financing that's tied to that serial number. So when that air drill comes in, that security is that piece's serial number. That's what we need in the industry.
I'm just curious, have any of you guys looked at that or are you going to? I know FCC was talking about that. Where are we at?
Greg, can you comment on that maybe first?