Government of Canada Funds Ferme Olofee

SAINT-FÉLICIEN, QUEBEC--(Marketwire - June 28, 2012) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announces that the Ferme Olofée grain farm has been awarded financial assistance to acquire specialized equipment to bring a new production line on stream.

"This is yet another example of the Government of Canada's commitment to supporting enterprises that, like Ferme Olofée, are investing to ensure their development," said Minister Lebel.

Founded in 1974, Ferme Olofée has produced field scale crops for more than 25 years. This innovative farm owns the only rolled oats processing plant in Quebec. In 2011, more than 11,260 metric tons of oats from numerous Saguenay-Lac-Saint-Jean producers were processed for human consumption.

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The $187,961 in repayable funding announced today was awarded under Canada Economic Development's Community Diversification program. This financial assistance was used to launch a new production line for the manufacturing of animal feed pellets using the hulls removed during the processing of rolled oats for human consumption. This new production line operates 24 hours a day, six days a week.

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