Thank you.
We're through the first round and we're going into the second round. Before we do that, I'd like to use the chair's prerogative to ask a couple of questions.
I think what I've heard from the dairy industry is the idea of producers being subsidized in Europe and the United States and that the subsidization is hard to compete on. You try to square that with what the international community and many in Canada are saying, that the dairy industry is subsidized right now with the supply management system. One would argue that we're subsidized, and you would argue that Europe and the United States has a direct subsidy. I suppose it depends on whom you ask and how you see subsidization.
I don't know if you have any comments on how you see that. I think the previous questioner was really asking how we can compete—even though we see ourselves as somewhat subsidized, because we're limited in a supply management system—with the direct subsidy in Europe under this agreement.