This operator originally purchased farmland in Louisiana by securing short-term financing in an effort to close the real estate deal by the seller’s deadline. After a year of production, our borrower wanted to refinance his land with a traditional agricultural loan instead, and to obtain additional cash out for purchasing farm equipment and supplies for the new property.
After consulting with AgAmerica’s land loan team, this farmer was fit with a custom $1MM loan package that would fit his operation’s needs. He can now better supply sweet potatoes to customers in the US, Canada, and Europe.
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