The borrower needed to pay off debt and obtain working capital to purchase additional cattle for their ranch operation. He’s been in the business since 1960, and recently started preconditioning and backgrounding yearlings. The 1,800 acre ranch had been under-grazed and with the AgAmerica loan, the borrower has been able to fully utilize his ranch acreage. He completed the global refinance and has transitioned to a conventional, lower interest rate product with AgAmerica.
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