That is certainly our fear, there's no question. We wouldn't' dare come before you if we hadn't costed this out. We have worked with the Canadian Fertilizer Institute to get a consensus on what the cost would be to perform and execute the infrastructure required for this security protocol. It's in the document I'm holding, which I can provide to you at the end of the meeting, if you don't have a copy already. This is our cost-sharing security protocol proposal.
The cost to do this properly is $100 million across 1,200 sites in Canada. You have to average the acreage per agri-retail site. Let's say that to do it properly, an average two-acre site has to invest somewhere between $60,000 to $80,000 in infrastructure for both fertilizer and chemical security. We've analyzed what's required. I can tell you the type of infrastructure that's needed: fencing, lighting, cameras, software, etc., and $100 million is the cost. Parts of our industry have already adopted the infrastructure required and have implemented security strategies and infrastructure, but not many—maybe 10% of the industry. We still have another $90 million to go, perhaps.
Who has implemented it? It is generally the larger companies that are publicly traded and that have access to capital to do it. The smaller independents have not gotten to the point of being able to afford security at their sites.