Yes, absolutely.
As Mr. Hoffort said earlier, in the most recent report that came out yesterday, basically, we are seeing that the vast majority of transactions are still between producers. It's true that we can't deny this trend where what I'll call non-traditional buyers are increasingly interested in the agricultural land market, whether as investments funds, pension funds or something else.
However, the vast majority of transactions that we are observing are between producers. In fact, we are in a situation where our eligibility criteria are such that we can lend money only to farmers. That said, we still have a good knowledge of the market. The fact is that the vast majority of transactions are still from producer to producer. I would say that is the case for 95% of transactions.
Indeed, in certain localities or regions, whether it is in Quebec, British Columbia or Saskatchewan, it is true that the presence of non-traditional buyers can increase the demand for agricultural land and, as a result, help to increase the land's value or the price paid. However, this is still a very limited phenomenon at the regional level.