I think the biggest thing is the ability to have another bidder, another buyer for Canadian product. Right now when it comes to the beef and pork sectors, we have a terrible one-sided relationship with the Americans. When it comes to beef, we rely on meat packers in the U.S. for 70% of our processing capacity. We're also fighting them on this country-of-origin labelling. So if they have other markets like the Pacific Rim and like the European Union market for our beef and our pork, it helps to apply the leverage we need with the Americans to keep them honest in their dealings with us when it comes to livestock. So that's the biggest factor.
The tonnage means brand new opportunities. Some of it will be for hormone-free beef. There's a stand-alone quota for buffalo, which is fantastic for your area and mine. I know I've been up in your area and you've been though our area. There's a lot of buffalo through there still. So there are tremendous opportunities for a number of smaller livestock groups as well.
We have some growing recognition with the European Union that GM commodities are not bad things to have. I know the farmers on the ground in a number of the member states are starting to say that for them to compete, for them to be able to grow the best on the ground that they have, they have to start looking at these new varieties of crops. So there are some sidebar agreements with the European Union on science-based recognition of some of these new commodities. So that's a tremendous opportunity there as well.