Thank you.
That ends the first round. I'm going to finish our questioning by members at the first round.
I have one question myself—as the chair, I get that prerogative—and that is to ask each witness for a few brief comments about the strength of cooperatives. Do cooperatives see themselves in the same manner or with the same sophistication, you might say, as privately held companies and private businesses in the traditional financing between business and banks and financial institutions? What are your views about the sophistication of cooperatives in terms of the ground that we need to make in that space? Or do we need to make up any ground in terms of their level of business acumen?
Andy, maybe you could go first.