Thank you, Mr. Chair.
Thank you, Mr. Lobb, for the attention you have paid again to our farm community. I want to thank you for bringing this very important issue forward to our agriculture committee.
Last year, when I was on the finance committee, we passed Larry Maguire's Bill C-208, which allowed farmers to successfully transition their farms to their children with the same favourable tax treatment as selling it to a third party. A lot of these transitions to the next generation still mean that the second generation has to be highly leveraged.
I'm wondering if you considered the impact of highly leveraged young farmers when you presented your idea in this private member's bill.