Well, look, it's already a serious situation. We're just emerging on the food side, with fertilizers now being double the price. That may not just be a question of scarcity. Urea and nitrogen are both products that are derived from hydrocarbon. It looks like our farmers are scrambling for product and hoarding or keeping whatever they have. ”Hoarding” would not be the right word in this case; they're trying to protect what they have for this year's planting season. That would mean, of course, inevitably higher prices for anything.
As the carbon tax makes its way throughout the economy, much of it is not shielded. Much of it is widely compounding the cost of living, well beyond the simple rebates that people receive. When it comes to food, though, the totality of the increase in the price of that which we cannot take for granted is something that most of us have no argument with. As you increase the cost of transportation, input costs for processors, input costs, whether it's over output-based prices...it's creating a problem.