Thank you, Mr. Chairman.
Welcome to our witnesses.
Mr. Phillips, you talked about wanting complementarity with Farm Credit. I'm a credit union member. I live in a very small community in rural Nova Scotia. We have about 1,300 or 1,400 people, over 50 or 60 square kilometres.
I can tell you that my friends who are farmers need Farm Credit Canada because you can't match the rate and couldn't survive without it. You have to explain to me the business case for a farmer—and I'm saying this as a credit union member—in coming to you. It has to be dollars and cents and there has to be a business case made on it.