Yes, there are major opportunities for contraction, unfortunately. Ninety per cent of the food manufacturers in this country are small to medium enterprises that employ fewer than 100 people. They do not have the financial flexibility to continue in this environment. They're vulnerable. They're running, sometimes, at less than a 3% margin. They are very vulnerable. Their ability to sustain business is going to be very difficult.
The large multinationals have other options. They have a much broader portfolio to work with and a lot more power to negotiate. Quite honestly, they have production options, which, fundamentally, are moving or transitioning their manufacturing to the United States and using Canada as a distribution centre.
What happens to agriculture is it loses its key business connection. In the province of Ontario, our industry takes over 60% of the agricultural output, and on average across Canada, 50%. All of a sudden you lose those markets, you lose that opportunity within 100 kilometres of your farm to be able to process that. You become a purveyor of commodities.
I think the margins and the impact on the farm and agriculture will be significant. It will be a cascading effect. There will be lost jobs, and I think, lost profitability, success and sustainability of the strong agriculture we're very proud of here in this country.