Mr. Speaker, obviously one of the issues that remains to be dealt with, an issue the dairy industry in terms of producers and processors is very anxious to deal with, is the question of future pricing.
Under the Canadian system of supply management producers will have the opportunity to deal with the price setting regime in the future in consultation with processors and the Canadian Dairy Commission. It is obvious that as the producers no longer have access to what they call the direct payment they will want to recoup a good portion of that, as much as they possibly can, from the pricing system.
Over the last 10 years or so the general inflation rate with respect to food products in Canada has been in the order of 30 per cent. By contrast, the inflation rate with respect to dairy products in Canada has been only in the neighbourhood of 16 per cent, which indicates there is some room for price adjustment.