Thank you so much for your presentations. I think you've mapped out very well that this trade agreement has a huge price to pay for dairy. One of the first presenters that we had at committee was the Canadian Dairy Association. To me, it's astonishing that we're talking about opening up our dairy market to potentially huge losses that the $4.3 billion won't sustain past 15 years with the loss of family farms. I'm from a rural riding. I understand the impact of that. I think most Canadians would be shocked to know that this is what is being discussed in the Trans-Pacific Partnership.
I want to speak to something Mr. Godfrey said about the economic impact study. The $4.3 billion that's being predicted by the government currently is over 24 years. If they give the $4.3 billion over 15 years to dairy, we're in a loss. We have been pushing very hard on the government to come forward with whether they're going to honour the previous Conservative amount that was offered to dairy farmers with the understanding that that's not enough to sustain the industry going into the future.
These are dairy farms, I can assume, like mine in my riding, that have been here for hundreds of years, a hundred-plus years, as long as Confederation or before, as we learned happened here in P.E.I. There is a great price to pay in supply management in our agricultural sector for access to what appears to be one market, Japan. We're entering into this agreement where we'll see incredible losses in all of our communities that will ripple out.
I want to ask you how losing 10 farms in a province the size of P.E.I. would impact your community. What would that look like? I know spin-off jobs exist in my five municipalities that are based on farming. It would devastate my region to lose 10 farms.