Sure. In terms of the changes that we're proposing, right now in the contracts between the grain companies and farmers the only variance is called buyer's preference. What that means is the buyer, the grain company, can buy it at their whim, whenever they see fit and are able to move it. That's very prescriptive and has not helped our farmers. As we saw, that base has spread. I myself know farmers who still have contracts from October. There are very few of them left. They are cleaning them up, but there are some left from October.
This can't be retroactive, but moving forward we'll use the Canadian Grain Commission as the arbitrator, the adjudicator. What we're proposing is that if a grain company has listed a contract, or a broker has listed a contract with you for October and they haven't taken it by the end of November—that's a 30-day grace period—then you come to the Grain Commission and they will work on your behalf. They will assess penalties. This is the prescriptive area.
Again, we'll look at what recommendations come forward. In my mind it could be storage fees for the amount of the contract, 10,000 bushels or whatever it is. Also on the value of that contract they start paying interest at prime rate plus one, or whatever the regulations would call for. It starts to put an incentive in place to encourage them to actually honour those contracts that they have gone out there and done.
All of the grain companies assured me they weren't buying market share last year when they issued these contracts. They were sold orders. If that's the case then they could have taken them and moved them as well rather than moving the $5 wheat.