Thanks for the question and, by coincidence, my accountant is here. My son Evan is here. I have two boys at home full time, as well as me and my brother. We've formed a corporation to help transfer ownership down the road. It's something that you work on each year, but when, all of a sudden, you get these new tax rules thrown upon you, you spend a lot of time and a lot of money with accountants and lawyers, making sure that you have things right, because, in running a farm, you have all that investment, and your retirement is also in there as well. Anything you make, you invest back in the farm.
I'll give you one example within my family. When my grandpa got out of farming, he used the intergenerational transfer to transfer land to my father and me. His brother, my great-uncle, transferred land to my father, so he missed out on that intergenerational tax exemption. My grandpa had a great retirement. He was able to move to town, build a new house and enjoy retirement. My great-uncle moved to town, lived in an old house and basically retired eating soda biscuits and living on tea leaves. It was a disgrace, and it's quite coincidental. A lot of the testimony here today said that we need to broaden that scope because there are a lot of farm businesses that have uncles working with nephews and so on, and my feeling is that needs to be adopted.