A North Carolina farmer seeks to refinance and consolidate farm debt to reduce loan payments.
The Challenge:
A North Carolina farm operator approached AgAmerica seeking a refinance and consolidation of their outstanding farm debt with a traditional farm lender. The farmer’s operation processes and sells Carolina/Virginia-style peanuts to wholesalers domestically as well as on the international market. In need of a better-structured loan, the operator reached out to our team to learn more about our custom farm loan packages.
The Solution:
AgAmerica was able to provide a unique, three-year interest-only term loan with no annual renewals to accommodate the borrower’s unique operational needs. By refinancing his debt into one loan program, the farmer was able to increase his working capital and dedicate more time to his peanut operation.
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