I'm bringing up the concern because I have a clear understanding of what the technical issues are. It becomes a priority payable. I have direct experience with U.S. financing and PACA. With it becoming a priority payable, there is the risk that it will come off the borrowing days, and right now there is no clear guidance from lenders.
I'm taking this opportunity of bringing it to the committee to say, “Let's take our time. Let's see. How will the banking industry decide how it interprets Bill C-280?” We do not want to be in a situation where we have a borrowing base calculation, but then packers, wholesalers and retailers that have focused just on produce get it all ground down due to the large payables that they would have.
We still do not have a clear understanding. We still need to take that time. We still need to do that analysis.