This farm’s legacy dates back to the 1800’s; the borrower is the sixth generation to farm the family land. Key to the family’s success has been their ability to adapt to fluctuating market conditions. When an extremely hot summer followed by heavy rainfall devastated their tobacco and cotton crops, the combination of unforeseen weather and low commodity prices left the family in need of operating capital and a flexible payment structure.
Because of poor cotton prices and the high expenses and risk associated with growing tobacco, they are planning to grow sweet potatoes for the first time this year. They plan on growing approximately 125+ acres of sweet potatoes irrigated by ponds on the family property.
AgAmerica responded by building a $900K loan package that would allow the family to make the transition to this heartier crop – sweet potatoes. With these strategic and operational shifts, the farm is expected to return to profitability and begin recovering from these past few rough years.
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