Mr. Carney said in Davos that a country that cannot feed itself, supply its own energy or defend itself has few options. We definitely agree. Agriculture really is a strategic sector. However, it's largely export-oriented. We believe there is a real opportunity to invest in local value chains. Some examples of local infrastructure have been lost over the years. It would be interesting to reinvest in those chains.
At Équiterre, we work extensively on local sourcing for institutions. We work with universities and hospitals, among others, to have them source local products. There's a lot of work to be done. There are a lot of barriers to buying local.
Regarding risk management programs in particular, the reference prices used to calculate the compensation to producers are based on the wholesale price. However, the wholesale price is much lower than the short channel price, which does not take into account all the intermediaries in the value chain. As a result, products have a higher value on short channel markets. We believe that reference prices should reflect the exact value of short channel sales. It's one of our recommendations.
