TS Ag Finance closed a $2,161,000 loan with borrowers located in Utah. The borrowers chose the five year VRM interest rate product with a 30 year term and 30 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for five years with monthly payments. The borrowers pledged 795 acres of alfalfa and corn producing farmland as collateral and used the funds for refinancing exiting debt along with a farm purchase.