We just went through a capital structure review, and I was part of the committee. Part of it is internal, maintaining your cooperative identity and perhaps going outside of a traditional model, finding something that preserves your cooperative identity and yet lets you access capitalization.
I'm going to turn it over to Bob to talk about the one specific item. But when you talk about magnitude, it's all about the magnitude of the cooperative. For our cooperative, depending on our strategy, our movement to be competitive in the future, we could be looking at $100 million, $200 million, $300 million. Other cooperatives are bigger and they might need a billion dollars.
There's lots of money. We hear these billion-dollar figures that are being invested in private companies. Cooperatives need to have a way of accessing that type of funding as well, if they're going to be competitive.
I'm going to turn it over to Bob about the one item that I think is important, and that is the tax deferral item. We want to make sure we drive that point home.