As early as the 1940’s this farm family realized the potential for sweet potatoes as profitable crops, and made the vegetable the focus of their ag operation. For three generations, these North Carolina borrowers have been growing, packing, and shipping their delicious sweet potatoes across the U.S.A. and abroad. Historically, the family has farmed 10,000-12,000 acres and produced over 3 million bushels annually – but they dreamt of expanding even further.
That’s when the family approached AgAmerica. Wanting to build a large, new storage facility, they needed the right financing to make it happen. In addition, the demand for sweet potatoes was continuing to increase, and access to working capital would prove increasingly important.
AgAmerica Lending built a custom $1.8MM loan package to suit their needs and jump-start their expansion, matching them with our industry-unique, 10-year revolving line of credit which will help effectively manage future growth and inventory levels.
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