The dairy sector contributes $24 billion to the Canadian economy through sales by farmers and food processors, including over $80 million in farm cash receipts from Prince Edward Island. Dairy processors help ensure Canadian families continue to benefit from high-quality products, creating good, well-paying jobs for Canadians.
Agriculture and Agri-Food Minister Lawrence MacAulay today announced federal investments of up to $5.4 million for Amalgamated Dairies Ltd (ADL) to modernize its Summerside operation, helping the cooperative to reduce production costs, increase the volume of milk it buys from dairy producers and introduce new products in response to market demand. This investment will also enable ADL to increase storage capacity for both specialty cheese products and packaging supplies.
The bulk of this investment comes from AAFC’s Dairy Processing Investment Fund ($4.4 million) and the rest from Atlantic Canada Opportunities Agency, ACOA’s Business Development Program.
Minister MacAulay was speaking to ADL’s annual general meeting currently in progress in Summerside.
Source : Agriculture and Agri-Food Canada