Ontario Agriculture Minister Ernie Hardeman would not take that option off the table when he was quizzed Thursday in the legislature.
But that option would be the worst, said Steve Bamford, the vice president of the Toronto Wholesale Produce Association.
On the other hand, farmers and others interviewed by CBC at the site said the current review is simply part of ongoing discussions about the fate of the site.
The Ontario Food Terminal, near the corner of The Queensway and Park Lawn Road, was established in 1954 and is the largest wholesale fruit and produce distribution centre in Canada, and the third largest in North America. It covers the equivalent of 20 Canadian football fields.
More than two billion pounds of produce moves through the terminal annually.
The site, which is only open to wholesalers, has a 1.6-hectare farmer's market area with 550 stalls for sellers to show their produce and haggle over prices.