LJWorld.com weblogs Health beat
Posted
by Karrey Britt
October 19, 2009 at 1:46 p.m.
Iwig Family Dairy reports milk sales up, awaiting bank decision
Tim Iwig, owner of Tecumseh-based Iwig Family Dairy, estimates milk sales are up 10 percent to 20 percent since a story about milk farmers’ struggles appeared in the Lawrence Journal-World on Oct. 11.
The increase in sales has left the dairy business scrambling for more bottles to fill orders. Iwig said they don't have enough bottles to keep up, but expect to receive more soon.
“It’s a good problem to have,” he said. “But, we need to get the problem solved quickly because we are losing out on sales.”
Iwig also is working with the Kansas Securities Commission and a lawyer to be able to offer shares of stock in his dairy. Rick Fleming, general counsel of the commission, said it’s a complex process that has many options. He declined to say how long the process might take.
In the meantime, Iwig said he currently owes $40,000 to Kaw Valley Bank and the lender may decide to foreclose on his business. He is awaiting a decision from the loan committee and expects a decision on Tuesday.
Iwig is hoping a recent outpouring of support shows the bank that his business is still financially viable. He said people have offered more than enough financial help to cover what is owed, but he can’t collect any money until he clears regulatory hurdles.
"It has been very humbling to hear all of the things that have been said about our family and our Iwig milk," he said.
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