Greetings from Templeton. We are a ways into a long winter here in Iowa, but spring is in sight and it is officially 2010, the year when our expanded inventory starts to come on-line.
As many of you know, our product is aged in oak barrels for more than four years so we are only able to sell today what we distilled in 2006. We refused to rush our product or sacrifice quality, which has led to a long game of hurry-up-and-wait.
We started to expand production at the end of 2006 and that product begins to come on-line late this year. The bad news is that inventory will continue to be very lean until then. The good news is that we hope and expect to have a much larger and more stable inventory in place for Iowa and Illinois in time for Christmas and after the first of next year.
Until then, we will continue to ask for your patience. We currently sell about 70% of our product in Iowa and will continue to send product to the State Liquor Warehouse each month. You can see our actual Iowa case allocation for 2010 and early 2011 below. And, yes, we’ll be giving thanks in November that December and beyond looks much better.
Thank you all for your continued support. We are just getting started and are very excited about the future of Templeton Rye.
All the best,
President, Templeton Rye