Thank you for the question.
I think that, when we look at value added in agriculture, it is unquestionably one of the opportunities we think we most need to seize here. Looking at that as a tool for building out both domestic markets and global markets is a critical through line we see across the board.
There's no question that right now we have challenges in fully realizing our potential in that space. This again speaks to the need for an integrated whole-of-government approach to this issue, in that we really need to look at not only resilience in our sector with BRM as a primary focal point but growth and what conditions we need to advance there. This is why not just the framework itself but what goes around that is so vitally important. We need to see red tape reduction and continued regulatory modernization. In speaking with processors, more than anything we hear that our regulatory environment is the biggest impediment to growth and increases in that space.
Simultaneously, as Mr. Berrigan referenced earlier, tax incentives and other tools to incentivize investment in capital modernization are critically needed to create conditions for growth in that space. That has the potential to lift all boats and support farmers with more sustained diversified revenue, while at the same time creating an opportunity to innovate and to create tools and products that better serve global markets.
We can certainly provide more detail in writing, but from our perspective that is, for us, one of the fundamental pillars on which we need to focus.