"Oats are proving to be very attractive at the moment and the nutritional benefits, heart health benefits, being gluten-free, there's a couple of new markets with oat beverages, dairy alternatives," said CEO Ryan Penner. "They are all showing signs of improving the market and we seem to be lucky enough to participate in that. We see a pretty bright future for us."
Penner noted that the 2021 oat crop has been a challenge.
"The drought has caused low yields and demand is increasing and supply is not there. The prices are going very high. For those producers that have oats, this is a good time but for those who do not, it's been a very challenging year. We're managing through that very carefully."
Buffalo Creek Mills currently employs over 25 people, with more hiring expected over the coming months.
The company was founded in 2014 and in 2017 entered into a joint venture with Grupo Vida, the largest oat processing company in Mexico. The joint venture allowed Buffalo Creek Mills to continue its growth with an expansion project in 2018 to double processing capacity.
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