Mr. Speaker, as I said in the beginning, we will support this legislation but the policy of the government is anything but good. It needs to be put it into context.
I asked the parliamentary secretary a question previously and I will ask him again. I may even get an opportunity before we are done to ask him a third time. Will he just stand in his place and admit that what Bill C-29 would do is guarantee the lending community, on the additional billion dollars of credit availability, that it is backed up at 95% to the lenders? Will he just stand in his place and admit that this bill is for the protection of the banks? If we are going to protect farmers in this country, we should protect and add to sustainable farm income. The government has failed to do that.
I had to go through a litany because there is no government in Canadian history with such a dismal record, a record of failure that fails to deliver income to producers. The bottom line is that it has increased the debt of farmers by $5 billion and we have lost 3,500 farmers a year. Can the parliamentary secretary stand and say he is proud of that? I would hope not.