A Southeast row crop farmer improves financial health with a $1.5MM loan package.
The Challenge
Established in the 1980s, this farm historically focused on peanut and cotton production. However, it has expanded in recent years to include corn and wheat. In order to achieve more favorable terms on existing debt obligations, the farmer searched for the best refinancing option available to them.
The Solution
AgAmerica refinanced their family farm for $525K on a 15-tear term and provided a $1MM operational line of credit. This allowed the family to see substantial annual savings, upgrade farm equipment, as well as finance their farm’s seasonal operational needs at a lower rate.
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