It's always important to start talking about debt by putting that debt in context. Debt in and of itself is not necessarily a bad thing. It enables producers to invest in their business. It enables producers to buy land, buy equipment and machinery. Yes, debt is growing, but we're seeing asset values increase as well. The net worth of many farms increases at the same time.
Therefore, I think the debt needs to be taken into context. It really is about how we ensure that our farms are profitable at the end of the day. Productivity increases are enabling our farms to be more productive and profitable at the end of the day. It can enable them to better service the debt they have.
Clearly, when you look at the technology, the advances that are coming down the pipes, we do need profitable farms that are able to invest in those resources to be able to put them into practice. We've talked about the potential to reduce fertilizer emissions. A lot of the equipment that is needed for that is quite expensive, and farms need to be able to handle that debt, be able to take that on. They need to take it on knowing that, again, it's going to be productive debt. It's going to be debt that will enable them to make investments that pay down that debt. It enables them to grow and continue on.
The story of debt and agriculture is a complex one, but today if you look at what farmers are doing, their practices, the investments they're undertaking, these don't seem to be holding them back. That's a good thing for the country and for people around the world because our farmers are making the investments they need to be more productive, to be more efficient and to continue to grow.