The Government of Canada is investing in a mustard processing facility that will expand markets for mustard growers. Today, Member of Parliament David Anderson (Cypress Hills-Grasslands), on behalf of Agriculture Minister Gerry Ritz, announced that Mustard Capital Inc. will receive $655,000 in repayable funding to create a new milling facility to boost production through new and innovative technology that is unique to Canada.
"Farmers depend on innovation to help them grow their businesses and keep them on the cutting edge with a competitive advantage in the marketplace," said Mr. Anderson. "The Government of Canada supports investments in new technologies that help farmers add value to their products. This investment will help Mustard Capital Inc. increase demand for mustard products, create new jobs and boost the local economy."
Mustard Capital Inc. (MCI) began milling operations in 2007 and has grown its sales to $4.5 million in two years. The company acquires mustard from Saskatchewan farmers. MCI then provides high-quality yellow, oriental and brown mustard ingredients to customers in 35 countries.
The expanded operations at Mustard Capital Inc. (MCI) will result in the creation of nine new jobs and help mustard growers introduce new products to the marketplace. The project is expected to require over 5,400 tonnes of mustard, at a value of over $9 million, by year five, and will provide an estimated $2.7 million in related economic benefits to the local agriculture community.
"We welcome the Government of Canada's investment and support," said Tom Halpenny, CEO of Mustard Capital Inc. "This funding will allow us to buy equipment that will develop new and novel uses for mustard, and help create jobs in rural Saskatchewan."
"We look forward to having another market for our mustard," says Gaetan Piché, President and Chairman of MCI who also farms near Gravelbourg. "We're in the centre of mustard production here, so it's great that it can also be processed locally into higher value products."
The Agri-Opportunities Program is a $134 million program that focuses on new innovative agri-products, processes or services that are currently not commercially produced or available in Canada and that are ready to be introduced into the marketplace. In addition, Canada's Economic Action Plan supports agriculture as a core economic driver in this country, and is committed to creating jobs for the future. Investments in viable market opportunities will help build an even stronger agriculture sector and Canadian economy.