What is wrong with the guy who has spent years of his life honing is craft demanding a fat salary?
Programming seems to be one of the few professions where a junior employee is expected to turn up and be productive from day 1.
If the programmers available don't have the skills you need, invest in training them or mentoring them. Offer attractive wages and get applications from all over the country. Talk to the colleges about your requirements and see if they can work that into the curricular.
That eats into profits? Good, give the money to people with a higher propensity to consume and spread that love around.