This goes back to the question we were talking about earlier. It's a key input to food prices. It has a longer lag time to show up in food prices. It's usually about a year out, because it affects the crop.
I was actually out west about a month ago talking to farmers, and what I heard mostly was that, because the crop last year was quite good, farmers had pre-purchased a lot of their fertilizer for this year—but not all farmers and probably not in all cases—so that will buffer them a bit from the current spike in fertilizer prices, but certainly just as with energy, if the price stays up for a long time, that is a key input into food prices. Then you have to think of food as more of a global commodity too, so even if our Canadian farmers are buffeted from the fertilizer price this year, it will affect global food prices, we expect.
