Let me start with the last one first. I think the best way to mitigate that threat is for farmers themselves to make the decisions on what they want to grow, based on sound science, and they will do that. That being said, there's a growing reception in the world that biodiversity is the future, that if we want to really secure our food supply and make it sustainable, we have to start talking about biodiversity, biotechnology, and moving forward.
I've had some tremendous discussions in Europe, which has been a GM-free zone. They're now starting to talk about low-level presence in a different way, as we got caught with Triffid in our flax, and so on. They're starting to look at ways to mitigate that, because they recognize the validity of moving forward with biotechnology in order to feed their own people and export to the world market.
I think farmers themselves are the best ones, in the final result, as to whether or not they're going to grow any product that's GM, whether it's alfalfa, wheat, or canola. I mean, if we didn't have the ability to modify a product and move forward, we would not have the canola industry, which is now king in this country. It used to be that wheat was king, but now it's canola and the processing sector that has developed around it.
On intergenerational transfers, certainly, we will make that moving forward, as the farm groups do themselves: arm's length, non-arm's length, and those all those types of things. We have made some significant changes to capital cost allowance and intergenerational transfers. That work continues on through Finance. Again, it comes down to fiscal capacity.
But I had a great opportunity earlier this week to speak at the luncheon for future farmers, young farmers, who were in Ottawa. A panel was set up from across this country and across every type of agriculture you can think of. I'll tell you that the energy and dynamism that was around that table gives me hope for the future. These young people are ready to take over the reins. They're ready to take over on the farm and move forward. They want less government. They want to make sure that regulations help them move forward and don't restrict them. They're committed to the environment, food safety, and a solid future in agriculture.
We have a tremendous opportunity to learn from them. I give my colleague, Jean-Pierre Blackburn, who's been handling that file, a tremendous amount of respect for the work he has done. It was a great group that he brought together that day. The next step is to start to introduce the value-added processing to these young farmers. They know they can produce, but they also want to be two or three steps up on that ladder. They don't want to just see it disappear at the end of the farm gate; they want to control it a little further and drive some money back to the farm from it.