The provincial government announced today it is providing an $86,500 term loan to Patey’s Farm to construct a hydroponic greenhouse in Happy Valley-Goose Bay.
The project is aimed at addressing market demand for high-quality, fresh produce on a year-round basis in the region.
Patey’s Farm is owned and operated by Lorne and Janet Patey who have been growing and selling vegetables from their privately owned greenhouses in Happy Valley-Goose Bay for several years. Lorne Patey is the regional representative on the Young Farmers Association of Newfoundland and Labrador and both are members of the Lake Melville Agricultural Association.
“This funding has been greatly appreciated and it has certainly given us the opportunity to continue with our plans to grow fresh vegetables all year round in Labrador,” said Janet Patey.
“It has been very challenging, but with the support of the Small and Medium-sized Enterprise Fund we feel confident that very soon our dream will become reality.”
In addition to site preparation, the funding will be used to purchase and construct a 120-foot prefabricated greenhouse including coverings, lighting, hydroponics growing system and related supplies. The greenhouse is designed to grow 7,400 plants over a six-week period. The initial produce, forecasted for August, will be lettuce with plans to expand into other products such as strawberries, peppers, tomatoes and other vegetables.
“Throughout Newfoundland and Labrador ambitious entrepreneurs are turning market potential into viable business opportunities,” said Keith Hutchings, Minister of Innovation, Business and Rural Development.
“Recognizing the need in Labrador for a steady supply of fresh produce, the Patey’s farm is using innovative practices to meet the demands of a growing market.”