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The Matanuska Creamery will close its doors for good before the New Year begins.
The president of the company, Karen Olson says they have to, after the state Board of Agriculture decided to recall its loans.
The company defaulted on state loans in August and the president says the loan recall marked the end for the company.
Matanuska Creamery first opened its doors in 2007 as an alternative to Matanuska Maid. That company closed in 2008 leaving valley dairy farmers with little demand for their milk.
“I needed to try and save it you know and so I've been trying to work on it for five years,” said Olson at the company’s store front Friday.
She says one problem for the company was the purchase of industrial size equipment for a “non-industrial size market” as part of the reason for the closure.
Olsen says when the business closes, the effects will be far reaching, “Not just for me, but you know I mean this is not just cattle. It's not just it's like fifteen people's livelihoods here and then its lively hoods out at the farms.”
She estimates 400 cows and calves will continue to be fed until they can be taken to a state slaughter house.
The Matanuska Creamery will close its doors for good at 5 p.m. December 30th.