Regenerative Renegades
We are gradually losing our soil, and along with that our rural economies. If we don’t change, suddenly we WILL lose everything. And we’ll no longer be able to nourish ourselves or sustain our American rural way of life.
Renewal is possible through Regenerative Agriculture. The restoration of soil and nature. And the revitalization of rural economies. At the grassroots, there are many determined folks who are making this revitalization happen, many who have worked decades, relegated away to relative darkness. Not doing it for fame or fortune, but because they knew changes in our food system were necessary for our collective health and future.
These are the stories of the Regenerative Renegades.
In this podcast, host and regenerative agriculture expert Matt Maier talks to these passionate, resilient people as they share their stories of trial, hope, and triumph. Are you a Regenerative Renegade? We hope you’ll join us.
The opinions of our guests do not necessarily reflect the views of Thousand Hills as a presenting partner.
Regenerative Renegades
Thomas Schroeder: How Connection Creates Conservation
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In Part 2, Thomas Schroeder, Senior Partnerships Manager for Audubon Conservation Ranching, returns to discuss how Audubon’s work with ranchers and producers is helping biodiversity take flight.
This episode explores the power of connection, curiosity, and conservation in the regenerative movement.
Welcome to Regenerative Renegades. In this podcast, you'll hear the stories of determined salt of the earth folks who are passionate about the restoration of soil, nature, the renewal of rural economies, and fixing our broken food system. I'm glad you're here. Hope you enjoy this episode of Regenerative Renegades. So it brings us to ACR. Yeah. And if you can explain a little bit about what that is, crazy bird people that are going on ranches and they think cattle actually help birds and all those crazy ideas.
SPEAKER_02Yeah. So, you know, it this kind of started, I guess about 10 years ago or so. You know, the idea around, you know, there was a there's been studies that have come out, and we, you know, I know when uh Anthony was on, we guys talked a lot about the the studies that show the precipitous decline in bird populations across, you know, across the northern hemisphere, southern hemisphere, um, you know, the the three billion birds lost since 1970s study that came out, and some of those really impactfully billion birds lost since the 1970s.
SPEAKER_01Do you know how many species within the three billion birds?
SPEAKER_02That's a good that's a good question. I know it it affects almost all of them, right? Like, where's our Joe Rogan assistant to cook?
SPEAKER_01What's his name, Jamie? Could you look that up, Jamie? How many how many species of birds that you're doing?
SPEAKER_02But you know, out of you know, and out of that, there were two things I think that that kind of struck me was that in that big loss, there was signs that shoreline and coastal birds weren't declining as badly or as quickly. Okay. And there was a lot of effort that had been put into shore birds, right? Like people love the beach, they love the shorebirds, they love those kind of things. And so I think the idea is that if we put effort and we think about ways to conserve these areas and work with the natural systems, that you know, it doesn't have to be as bleak as it is.
SPEAKER_01Is it a big part of the habitat? So grassland, like I, you know, waterfowl, you got hunters supporting that, the burn the shoreline birds, all of that. So you get into prairie grassland birds. How do you correlate or what's correlating those together? Where are you at on that? I mean, what because you know, I hear about grasslands disappearing and I see stats around that. And when you look at agricultural land, you know that it's not grassland. Right. You know, it's a lot of it's monoculture. Right. And, you know, for whatever species may like that one monoculture plant, okay, but you know, that's it's not diverse.
SPEAKER_02So do you know anything about it Yeah, you know, and I know, you know, I know that what the habitat is the key component, right? And the diversity um and the the birds piece of it is that the birds are, you know, telling us what the habitat is like. And so we're losing it to urban development, we're losing it to woody invasion. I just read a study not too long ago that the woody encroachment and woody plant encroachment on grasslands is almost having as much of a detrimental effect on grassland habitat as conversion to either agriculture or conversion to urban urban development. And so you know, grassland birds like the big vast open areas. And so as trees come in, they that pushes them away and they can see that, and that changes their patterns and changes the things that they look for.
SPEAKER_01And that's so did animals keep woody encroachment in the past at tech.
SPEAKER_02I wouldn't, you know, when you when you think about you know Lewis and Clark and they were on their horses and a herd of bison came through and it took them almost a day to get through, right? I would imagine there was some disturbance.
SPEAKER_01Because I was thinking about these I'm thinking about my our experience. We have that woody plant invasion battle all the time. Yeah. Because they they did they they crop up so easily. And I, you know, and I'm sure we're suited for that in our eco-region here, but it's it's still it always I I always have mixed feelings like should we be fighting this, or is this the natural order of things, or where's the balance between prairie and I think that's the key is the is that the balance, right?
SPEAKER_02Like it's not there's no just like in the idea there's no magic bullet that's gonna solve all that problems, whether it's fire or taking out fences or taking away grazing animals or bringing in grazing animals. It's all those kind of things together. And you know, the riparian areas that you know we work to protect and preserve. There's native woody vegetation that's associated with a lot of those areas that should be there. It's important for it to be there. And so again, it's that context and understanding what your ecosystem, you know, what what it should be doing. And um, there's lots of great resources through NRCS, the kind of the show the transition model. So, you know, they show you successionally if you have this, what a native prairie would look like and how it's going to change over time with the woody encrosion and loss of native plants and what plants are gonna come in. Um so understanding kind of what stage you're in and how you can move to different stages of that based on management decisions um is really really impactful stuff. But yeah, it's that you know, that diversity piece and and understanding where everything can fit together. Wow.
SPEAKER_01Yeah, I've never heard that before. But that's part of losing the grassland.
SPEAKER_02Yeah, yeah, it's all of the all of that together. So in a in a the wake of that, and grasslands in the United States are 70% privately owned. When I started in Texas, Texas is ninety-five, ninety-seven percent privately owned. So if we're gonna have any impact on grassland habitat, we have to work with the producers and stewards that are on the land. And so, you know, that's kind of the genesis of the idea for conservation ranching is let's work with producers, let's learn how they're, you know, what are the practices that they're doing to create good habitat? How can we then study those areas, learn from them, and share those practices with other producers and try to get more folks uh, you know, to participate in that. And and what are our mechanisms for getting, you know, producers to be interested or incentives or rewards or you know, is a lot of folks it's just a gate sign and a recognition of doing a really good job.
SPEAKER_01Yeah. Um you know, I'm thinking about like CRP and land sitting idle around here. If it sits idle, it just gets taken over by trees. Yeah. And usually what I've witnessed anyway is the very few plants that actually thrive in that environment. Like smooth brown brome around here. Yeah. You know, that kind of takes over. Sure. And then that's it.
SPEAKER_02Yep.
SPEAKER_01So it doesn't even become at least I don't know if you can confirm this or not, but from witnessing it, it doesn't even become great habitat. Just setting it aside and leaving it sit, it doesn't seem to be good great habitat for anything.
SPEAKER_02Yep. Yeah, no, you definitely need to have some cycle of disturbance. You know, like you talk whether it was that grasslands evolved with these massive herds of bison that would come through and then they wouldn't be back for two years or three years, and then they would come through and do the, you know, the big disturbance and and really make an impact and then the recovery period and all those things. Yeah. And the the plants need that. Like they need to have that disturbance or else, you know, you can watch a bunch grass of native grass and it starts to rot from the inside out, and uh it gets ranked if it's not rejuvenated. And the, you know, there's lots of studies by people way smarter than me that know that you know the saliva of a cow grabbing a plant can cause a chemical reaction in the plant to stimulate root growth, and just you know, there's so much more of that that just let it rest and leave it alone and don't don't graze it, don't disturb it. And like that's not the natural system. That's not you know how things how things evolve to be.
SPEAKER_01And you know, it kind of reminds me of Alan Savory. You know, I just saw a reel about him talking about how he thought the the the desertification was being caused by too many animals. And so they took the animals off and it got worse. Right. So then they're like, oh no, actually we need to double as many animals or triple, yeah, and then then we have something. Right. Right. Then then it is regenerating and we do get diversity, and these things start happening and and desertification is reversed. So there's, you know, nature's brilliant, you know, we just need to understand it and replicate it.
SPEAKER_02I had a great conversation with a rancher in Oklahoma last week or the week before, and his he's telling me he was like, you know, our time on this planet is just this little teeny tiny blip. And so why why we think that in our little blip, we know better than Mother Nature, who's been going along for how long or however long you want to believe they've been going on. But for us to come in with this idea that, like, oh no, I I think I can do it better. I can I can improve upon this. Like, you know, let's learn to work with that system that's gonna be here long after us and was here long before us.
SPEAKER_01But yeah, in a short period of time in our little blip, we can wreak a lot of havoc. Yeah, I mean, we can make some bad decisions and but then again, because nature's resilient. If you reverse that, yeah, you know, in that same lifetime, you could destroy and rebuild.
SPEAKER_02Yeah.
SPEAKER_01You know, it that happens that fast. It does, it does. You know, and I guess we need that as humans because it'd be pretty depressing if we couldn't reverse it.
SPEAKER_02Yeah. Yeah. No, that's the inspiring part of of our, you know, your work and our work together is that, you know, we can, you know, we can regenerate it. Yeah. You know, it's not, you know, when I was at with with NCAT, you know, National Center for Appropriate Technology, I was a sustainable agriculture specialist. And even, you know, then we were talking about should we change like we don't want to sustain where we're at right now. We need to regenerate, we need to improve. It's not just about let's hold the status quo. It's we need to we're in a bad place.
SPEAKER_01Yeah, we can't keep the status quo. Exactly.
SPEAKER_02We need to we need to make some some improvements with an eye towards regrowth and regeneration and and those kind of things.
SPEAKER_01So yeah. Well, I think uh along those lines, we're probably gonna go for a little walk here. Okay. And uh excellent. Yeah, that's because my favorite is part is getting out with the you know, I made the mistake of knowing uh of thinking that everybody that works for Audubon is an expert birder. And in actuality, they have all these other skills that they apply to Audubon, they don't all come in as birders. Right. They bring in the skills that they need. It's like, oh yeah, that makes sense. But you know, you have like this thing, you know, like, oh my oh, well, of course, what's that bird there? You know, it's like I found on hurry. I definitely fall into that bucket, which is fine. Which is fine. I'm I'm not gonna put you on the spot on birds, but uh but uh yeah, I guess we'll go for a walk and then uh we'll come back. Okay. Oh, look at oh, wait a minute, wait a minute. Jamie has uh put together uh something that we can look at. Where have all the birds gone? We were alive in 1970, more than one in four, one in four or two point nine billion birds in the US and Canada have disappeared within your lifetime if you were alive in 1970. Oh my gosh. So look at larks were so this is is this the losses? Yeah, larks down by 67 percent. Blackbirds, which seem to be everywhere, now they're down 44 percent. Man, blackbirds were thick in the 1970s. I can remember that. Uh sparrows. So many different kinds of sparrows. I mean, I just can't imagine. Um wood warblers down 38%, finches down 37%. Oh, I love seeing finches, the bird feeder. Uh swallows. There's all kinds of swallows too that are in trouble. I've seen that in your literature on the bird report, or what do you call it? The you have a report that you publish at Audubon.
SPEAKER_02There's a we have a state of the birds. State of the birds, that's it.
SPEAKER_01Yeah. And thrushes down 10%. Wow. So yep, there they are. All birds that we pretty much all have heard of. Yeah, and they're down.
SPEAKER_02The common birds, you know, it's not just your No, it's not some exotic thing that you've never heard of. Yeah. Exactly.
SPEAKER_01No, blackbirds of all things, blackbirds. Man, I just remember thousands of them congregating together. And they'd just be thick. And they're down 44%.
SPEAKER_00All right.
SPEAKER_01Thank you, Myron, aka Jamie. All right. Well, we'll go for a walk. Okay. I was uh turns out close to the studio that we're recording in on this uh farm was a 70-acre farm that this was their pasture, and like most farms, this was a dairy farm that had a pasture right here, some pasture ground that wasn't tillable, and then they had some tillable areas that we have converted to grassland and grazed that as well. Uh in a more typical hay grazing kind of situation. But uh a beautiful little farm. And it's been amazing to watch this pasture come to life because uh cattle were taken off of it for about 30 years. Oh wow, okay. And she was so happy to get cattle back on the farm. And it's amazing because they earned a living with you know 17 dairy cows and 70 acres. Right. You're not doing that these days. No. No. So you can see we paddock off before it was one big pasture and the cattle would just come out after milking and graze. And now we've turned that into one, two, three paddocks on this side of the road, and two paddocks on the other side of the road. Which provides a lot of grazing. We have we have a hundred cows here that'll go through one, two, three, four, five days. And then we'll put them on the fields that uh we've converted and get another three days. So we're grazing a hundred cows for about a week on the land. Okay. Yeah. Oh, we gotta look for birds, right?
SPEAKER_02So they're you said just about a day in each of these, or yes.
SPEAKER_01Okay, yep. Yep, we let them in this morning. And either tonight or tomorrow morning, depending on how they're doing with the grazing. Uh they were pretty hungry when they went in. Sure. So affects how much they're gonna eat today. Yeah. Um then yeah, we'll just monitor how they're doing. They've filled up now once, and they've they were laying down and now they're getting up to do another round.
SPEAKER_02And then how long will this rest?
SPEAKER_01Oh, this will rest about 55 days. Okay. Yeah, and then it'll be fully expressed again. Uh you can see over there. That's what we've had. Our grazing plan is every paddock rests between 50 and 60 days. So we get about three three grazings in a growing season. Okay. It's amazing, you know, the the flies are down a little bit because it's cooler. Because normally we have swallows all over the place. Sure. Yep.
SPEAKER_02Yeah, we have uh we have quite a bit of barn swallow action at our at our place, and you can always tell that when they when they leave to go back to Mexico, the mosquitoes get out of control. Oh, really? Yeah, it's a noticeable difference when when the migration happens when they leave town. So when do they leave? You know, it's it's last year they were going by. And they're still around what is it, September 2nd, and we still have some that are there. We have gotten a good amount of rain this year, and so I think conditions are are different than they were last year. So it's interesting to see different different years and different, you know, waves and cycles, and yeah, they don't operate on a calendar. No, no, they don't.
SPEAKER_01No, you know, that's I've I've been noticing that too with the rain that we've had this year, which has been different over the last a lot. We were drier for three, four years, and how everything is green yet, and the colors are not changing in the trees yet. And you know, that moisture just keeps things growing water, which makes sense. But it it does change your grazing plant a little bit. You know, and like the plants are washier yet, you know, where it's usually where a little bit more fibrous at this time of year. Okay, sure. And so the games are actually a little better when you don't have washi. Right, right.
SPEAKER_02More nutrients end, yeah, yeah, right. I'm sure you have noticed the difference in just your relationship with the animals since you guys started doing these movements like this. That's one thing. We have a family ranch that we we're helping to take over, and my wife and I start to run more. We've it's always been kind of conventionally grazed, and the animals will know us, we know we're we call ourselves pickup truck cowboys because we hit the horn and they come off. Oh yeah.
SPEAKER_01But they that's a thing in the cell.
SPEAKER_02Yeah, but they're not they're not this, you know, when once we get out and walk around, once they've had their treat, they want to go back and be left alone, and they don't, you know, the the interaction I think you get when you move animals like this daily, and you you know you can notice health characteristics, temperaments, and those kind of different things, right? I think that's a huge, huge component of the rotational system that is not everybody focuses on the soil health or the plant growth or those kind of things, but some of the interactions that that our producers can have daily with the animals, I think, is a really amazing benefit of it.
SPEAKER_01It is, and it's kind of a win-win, you know, like they they definitely get to know you, they know personalities, uh, we know their personalities. Right, right. Um they they trust and we trust them. Uh and yeah, you get a really nice symbiotic relationship. Um and that health people is huge. Like you're looking at them every day, yeah, and so you can see uh if there's something going on, or they're they're kind of needing something, or they're doing great. Right. It all it all becomes very evident if you just watch for it. And you know, I was explaining earlier one of our challenges this year is that it was too wet to start grazing, there was nowhere we could really put them, so we just decided to unroll hay longer on the sacrificial paddle and not start grazing, which has its benefits for fertility in the areas we were in. Uh but then we got in and uh grasses were taller everywhere they went than where we normally start. We usually start when grasses are about you know a little over a foot tall. Okay. And this year they were probably more like three feet tall. And then there was some irritation in their eyes and some repercussions from that that we were learning from. It was like, well, maybe that wasn't the best thing to do. Yeah. Because everywhere we went was just a little further away. Yeah. So but this is one of the more picturesque places on the farm. This is an amazing shot, that's for sure. Never gets old, and always happy when I usually catch two shots of cattle for the brand over here.
SPEAKER_02Oh, perfect.
SPEAKER_01Right over here, I just realized okay, so you know, there were Native Americans in this area for sure. Um and uh the 90-year-old widow remembered her mom telling her stories about Indians coming up and tying their horses right here and fishing.
SPEAKER_00Really?
SPEAKER_01Yeah. And so it was kind of tense. They didn't quite, you know, know what to think of it, and of course, that um uneasiness. But uh she talked about how there was a a boulder that they would tie their horses to.
SPEAKER_02Okay.
SPEAKER_01And I thought, I am gonna go look for that. So right down here, in some brush, was a big boulder, and there were there were metal stakes hammered into the boulder to tie their horse to. And I I thought, wow, how did all that happen? I don't know. But it kind of brings you back to, you know treating the land sacredly, right, you know. And yeah, we're the stewards now, and how we got here, and whatever you want to think of that. And but it it just was such a fruitful place, you know, for food.
SPEAKER_00Yeah.
SPEAKER_01You know, and that's what I want it to continue to be. Yeah, for all of us. Yeah, you know.
SPEAKER_02Yeah, like we were saying, we just have that little that little tiny blip on the on the timeline here, and so to do what you can with what you can are available, you know, what you have.
SPEAKER_01Yeah, that's right. And there are wonderful fish in there. I know why they went fishing here, right, Max? Max, the photographer, my son. Caught some nice fish out of there. Um, and so they've been there for a long time. Yeah, yeah. Well, okay. Thank you, Thomas, for going for a while.
SPEAKER_02Yeah, thank you, man. I'm always happy to get out and see the place and see the herd. I could just the sound of all of them grazing in unison and not even bothering to care that we were there. I could I could listen to it all day.
SPEAKER_01It's it's my therapy. I gotta start the day that way and I gotta end that day that way. And as long as I do that, everything else kind of works itself out. Yeah. You know, like it's a mindset of of peace that uh I don't know, at least I um experience when I'm around cattle that are grazing and happy and relaxed, right? You know, there's just something about it. Um so thank you for joining us. I would like to ask you what you see both in people and in practices around this regenerative movement, um, and through your work at Audubon and outside of Audubon that gives you hope for the future. That they're you know, that we're moving in a direction that uh can give us and our listeners some hope.
SPEAKER_02Yeah, that's a that's a great question. And thank you for having me. This is this has been a pleasure, and it's been a pleasure working with you and and your team and your family. Um just means a lot to me how how much we've grown the partnership of Audubon and Thousand Hills and working with your producers and getting to help learn your story and tell your story and help you guys uh you know keep this thing alive and beating it and and and moving forward.
SPEAKER_01It's thank you.
SPEAKER_02One of the great joys of my job is to work with you guys.
SPEAKER_01And I'd be remiss not to say, I mean, this is a love fest all of a sudden, but I'd be remiss if I didn't I tell everybody else, like the the people at Audubon, and first and foremost you, but the people at Audubon um not only are smart, but um really are driven authentically to make a difference. And you can just tell. I don't know how you select for people like that.
SPEAKER_02We have got some amazing ones on.
SPEAKER_01Yeah, it is a great group. So you make it a joy. Yeah, I appreciate that.
SPEAKER_02Yeah, you know, to your to your question, I think, you know, I I think back to I was here, I can't remember when you had the last big farm, it was like your producer and supplier appreciation event. And um, I just remember thinking it kind of was a similar question was asked to one of the panelists. And I remember thinking to myself, like, man, if everybody if we could get everybody to care about their food and care about where their food comes from as much as the people that are here today, yeah, that would be an amazing thing for our country and our food systems and our producers and our consumers and everything like that. And so I see that. I see lots of in different pockets of the country and in different places, that idea of of folks caring about their where their food comes from, but then learning how that connects us and how that creates a community of consumers and producers and we're looking out for one another. And just at the beginning of the summer, we did a rancher fly into Washington, DC, where we had ranchers and your daughter was one of the one of the ones that came along. And the thing, you know, like from our perspective, it was great to tell the Audubon story and to meet different offices and to engage that way. I think the producers, their favorite part was getting to hang out in the morning at breakfast and at night and converse and create and talk to each other and what are you doing and how are you doing that? And I think from that's what gives me hope is is this regenerative community, you know, like that is growing and folks are making those connections. I remember when I started, there was a a grass-fed conference in the Dakotas, and they would talk about how the well, this is the one year, one time a year where everybody that is the outlier in their community gets together and can share and feel good about it. And that feeling just feels like it's growing more to me, that there's more of those producers. And I think that's a big part of our role is to try to help create that community and connect folks and acknowledge them and tell their stories and say, like, you know, there's an organization out here that, you know, our number one goal is birds and bird habitat and biodiversity, but we want you to be successful and we want you to keep doing the good things you're doing, and we want you to learn, we want to learn from you, and we want you to learn from each other. And so the idea of round of what the regenerative community, I think, is building is really exciting to me. And that gives me hope. And I see it changing every year, and I see more folks involved with it, I see more ways to understand it and more folks that are taking what different pieces from that that they see and using that in their lives or using that in how they, you know, what they do to their front yard or tree, you know, or their backyard garden, or simple things like that. And how can you, you know, how can you make a dis a difference if you live in Austin or Houston or Minneapolis? And yeah, now finding products that have you know certifications on them, like the ACR Bird Friendly Land certification, like that's a way you buy that package of beef, yeah. That money, you know, goes back to the producer, keeps that program going, and you've made a a conservation output right there in the grocery store aisle. So I think finding all those different ways, and you know, and again, it's that community, you know. Like I I look at some of the producers around us that I know and that I've worked with and like how they interact and have taught me so much. And I want to, you know, want to be able to empower other folks to make those changes and and I know you guys do too, and try to bring more producers into the fold and and increase those opportunities and create more chance for folks to make it in in the, you know, definitely in the grazing space, but in agriculture in general and and you know, kind of tie that all together.
SPEAKER_01Yeah, I like to say we provide a market, but actually the consumers provide the market. We're just the middleman getting the product. The opportunity.
SPEAKER_02You know, that's how I look at a lot of what my job is as as partnerships managers to help put all these options and opportunities for our certified producers and then the ones that make the most sense for them, how does that fit their goal? Okay, so I might go down this path or I might go down that path. But you know, we're working to try to, you know, create the opportunity with uh all the end of the day, knowing that we're gonna do good things for birds and biodiversity and habitat and all of the things that come along from it.
SPEAKER_01So well, and consumers really can. I mean, in your space, every consumer can really make a a difference. Sure. You know, a little bit of pollinator garden, a little bit of support for bird wild or habitat. Yeah. Um that that you know, you grow a tomato plant, provide a little bit of habitat, buy a little bit, you know, a little bit of native flower grass.
SPEAKER_02Uh yeah, be curious, ask where does your you know, where's you know, go to a restaurant, where does the beef come from? Yes, you know, and not you know, you know, those are okay questions to ask. And if you want to find out more of that, and go to your farmer's market and ask, ask the guy, you know, how do you how are you producing these things? What practices are you doing? Visit websites, visit you know, you guys do a great job of telling the story of the regenerative renegades on your site and what it means to you and and what space why you're in this space and what you guys are doing. I think that's our role too, is to help.
SPEAKER_01Right. And then you know, just along the lines of beef, it reminds me of the calculation we did once. And it doesn't matter what brand, regenerative beef, whether it's in a restaurant or buying a grocery store, but for every pound that you purchase, you've converted about the area of a school bus to regenerative agriculture. Okay. In supporting that. So you know that that's real. And and I know it's real. I see it. The dollars really do make a difference. Voting with your dollars really makes a difference. And it, you know, like I said, it would be brand agnostic and just know what the practices were and then convert that land. Because we can't convert the land unless there's a market for it.
SPEAKER_02Unless it yeah, unless it's got somewhere to go.
SPEAKER_01Yeah, yeah. So again, thank you so much for having me. Yeah, my pleasure, man. I really appreciate it. This is yeah, it was great.
SPEAKER_02Always great to come come up here and visit with you guys and you know, meet more members of your family. I got to I got to work closely with Melissa and Mikhail before in the past. So it's always always a pleasure.
SPEAKER_01Yeah, thank you. And You came north at the right month. So you were wise about that. For some months you won't don't want to come north.
SPEAKER_02That's very true. Very true. Growing up in Wisconsin, I know well I know well when to stay away.
SPEAKER_01Yeah, that's right. Okay. Well, thanks again. Yeah. And we look forward to talking to you soon.
SPEAKER_02Appreciate it. Thanks, Matt.
SPEAKER_01All right.