Thank you, Mr. Speaker. Mr. Speaker, right now the reason that the Northwest Territories continues to be a part of FFMC, it provides a stable and consistent floor for fishers to receive a price for their fish. It provides them a stable paycheque. And that's not a small thing in what is a -- what can be a very challenging industry.
But that said, it's a floor. And it's not necessarily one that markets the product to the extent that we believe it can be and should be and certainly doesn't get that high value for some of these side products that we also recognize that there are markets for.
So having said all that, Mr. Speaker, there's a process underway. And, again, it's led by the Department of Fisheries and Oceans by the federal government. It's not our process. The FFMC is not our entity. But there's a process underway right now, and we're certainly involved and aware of what's going on, to map out a change at the FFMC to turn it into a cooperative of fishers which would certainly change the dynamic that operates there.
I would just also note, though, of course, that a CFIA plant, a certified plant, which is the vision we have, would give more options as well. So there's a couple different tracks that we're on. We're participating in the change that may be happening over at FFMC, and we're looking to get our plant operating so that we have some of those options.
But, again, in the meanwhile, for now, we're certainly allowing fishers to keep the threshold that they have. Thank you, Mr. Speaker.