Government Providing $10 Million Loan in Support of New Local Dairy Co-operative

Minister of Fisheries, Forestry and Agriculture Elvis Loveless joined executive members of the new Newfoundland and Labrador Dairy Co-operative at Pondview Farms in Goulds to launch the co-operative and announce investments to transform the dairy industry in this province.

Loveless announced an agreement to provide a $10-million loan for the Co-op in support of the acquisition of Agropur’s fluid milk processing and distribution facility in Mount Pearl, including the Central Dairies brand.

In December 2023, the Co-operative entered into an agreement to purchase the Central Dairies brand, ultimately returning ownership of the brand back to the province.