Thank you, Chair.
I would like to thank the witnesses for their presentations today.
I'm happy I get to ask a question and that we were able to hear from the two panels. I'm sorry it had to be cut short, but that's part of the business.
There was a bill that was put forward a little while ago. It was a private member's bill from my colleague, Guy Caron. It was a bill that proposed to make the transfer of family farms a little easier. Right now if you want to transfer your farm, it is more profitable to sell your business to a stranger than it is to keep it in your family.
This bill was based on many recommendations and a lot of consulting over quite a few years. Initially we thought we would have support, at least to send it to committee where it would be further studied. Sadly, there was some disinformation that went about. Recently there was a report from the parliamentary budget officer that said the costs weren't nearly as high as the information pushed about by the finance department.
Mr. Glenn and Mr. Williams, I know you mentioned in your presentations third generation and eighth generation. Could you speak about the importance of what a bill like that would be to transferring family farms?
We've talked a lot about the age of farmers now. A lot of them are going to be reaching the point where they're thinking about transferring their farm to their children or somebody else in the family. Can you speak about the importance of maybe fixing this tax injustice, please?