meta Newfoundland and Labrador Government Backs Local Dairy Co-Op with $10 Million Loan :: The Bullvine - The Dairy Information You Want To Know When You Need It

Newfoundland and Labrador Government Backs Local Dairy Co-Op with $10 Million Loan

Discover how the Newfoundland and Labrador government is bolstering local agriculture with a $10 million loan to a new dairy co-op. Will this move strengthen the economy?

Today, the Honourable Elvis Loveless, Minister of Fisheries, Forestry and Agriculture, stood with executive members of the newly formed Newfoundland and Labrador Dairy Co-operative at Pondview Farms in Goulds. Here, he announced a significant leap forward for the dairy industry in the province—a $10-million loan to support the co-op’s acquisition of Agropur’s fluid milk processing and distribution facility in Mount Pearl, which includes the central dairies brand. 

In attendance for the announcement were Crosbie Williams, a founding member of the Newfoundland and Labrador Dairy Co-operative, and Scott Antle, the co-op’s President and Chief Administrative Officer. The co-operative comprises 19 dairy producers from across Newfoundland and Labrador who have come together with the mutual goal of strengthening the dairy industry, creating fresh local employment opportunities, and boosting investment in the dairy sector. 

Back in December 2023, the co-operative took a crucial step, signing an agreement to buy the Central Dairies brand. This significant move meant that ownership of the brand could be returned to the province. Owning and operating Central Dairies isn’t the co-operative’s only role, though. They also distribute dairy products—including butter, ice cream, cheese, and cultured products such as sour cream—for Agropur and other processors, providing support for retailers and their customers. Looking ahead, plans are set for the co-operative to broaden the availability of locally produced products, anticipating and addressing the evolving demands of individuals and families in the area. 

By offering a $10 million loan for this initiative, the provincial government is demonstrating its support for ongoing growth, sustainability, and expansion within the Newfoundland and Labrador dairy industry. 

“Our government is very pleased to support and assist the newly formed Newfoundland and Labrador Dairy Co-operative. We work closely with all who are growing our strong, local dairy sector, and the provision of this $10 million loan will contribute to local ownership and local employment, a strengthened economy, and increased food self-sufficiency in Newfoundland and Labrador.” – Honourable Elvis Loveless, Minister of Fisheries, Forestry and Agriculture.

“This is a once-in-a-generation opportunity for Newfoundland and Labrador. For generations, our dairy farmers have delivered safe, high-quality, 100 per cent locally produced milk for our friends and neighbours. That will never change. But now, when you choose Central Dairies, you’re doubling down on the local benefits. You’re choosing a product that is produced, processed, and delivered here, by fellow Newfoundlanders and Labradorians.” – Crosbie Williams, Founding member of the Newfoundland and Labrador Dairy Co-operative and owner of Pond View Farm.

“We’re excited about our investment in the Central Dairies brand and our ongoing relationship with Agropur, but it’s just the beginning. Dairy plays a vital role in Newfoundland and Labrador’s food self-sufficiency. And we’re proud to be leaders, investing and innovating so that more of the food we all love can be manufactured right here at home.” – Scott Antle, President and Chief Administrative Officer, Newfoundland and Labrador Dairy Co-operative.

“We are building a leadership team that understands the unique challenges faced by both trade and household customers and we will be ready to face them head on. The Newfoundland and Labrador Dairy Co-operative is committed to meeting customer needs and is excited to deliver on our promise of getting quality products from our farms to your fridge.” – John Moores, Chief Operating Officer, Newfoundland and Labrador Dairy Co-operative.

Summary: The Newfoundland and Labrador Dairy Co-operative, a group of 19 dairy producers, has secured a $10-million loan from the Minister of Fisheries, Forestry and Agriculture, Elvis Loveless. The loan will help the co-op acquire Agropur’s fluid milk processing and distribution facility in Mount Pearl. The co-op aims to strengthen the dairy industry, create local employment opportunities, and boost investment. In December 2023, the co-op signed an agreement to buy the Central Dairies brand, allowing ownership to be returned to the province. The co-op also distributes dairy products for Agropur and other processors, supporting retailers and customers. The provincial government is demonstrating its support for the dairy industry’s growth, sustainability, and expansion. Crosbie Williams, Founding member of the co-op, expressed excitement about the investment and the ongoing relationship with Agropur.

Send this to a friend