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Borrowers Purchase Late Grandparents’ Cattle Ranch with $300K Loan

AgAmerica helps a husband and wife buy his late grandparents’ Alabama ranch.

The Challenge

An Alabama native had the opportunity to purchase the same cattle ranch where he was raised by his grandparents as a young boy. Realizing that agriculture was his true life’s passion and wanting to follow in the footsteps of his grandparents, the borrower quickly searched for a way to purchase his grandparents’ rural home and land to raise his family and a herd of cattle.

The Solution

The property consists of 150 acres of high quality pasture with three ponds and barns. Currently there are 15 brood cows and one Angus bull on the land. With the $300K loan from AgAmerica, he plans to expand the cattle program to 100 head within the next 10 years.

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