Peanut Farm Loan Success Story

Father and son peanut farmers ramp up expansion efforts with $1.5MM loan

This borrower’s farming experience began in 1962 when he and his father began growing peanuts and tobacco. In 2004, the tobacco land was converted to growing corn and hay, but the majority of the planted acreage continues to be peanuts. When his son became an integral part of the family farm business, they began seriously ramping up operations and expanding. Expecting this growth trend to continue, the father and son team requested a term loan to pay off existing debt plus a new $1.27MM line of credit. AgAmerica Lending offered them a Two-Pack loan package which allows for future expansion of the family farm operation.

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