TS Ag Finance closed a $220,000 loan with borrowers located in California. The borrowers chose the 15 year fixed interest rate product with a 15 year term and 15 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 15 years with semi-annual payments. The borrowers pledged 19 acres of orange producing farmland as collateral and used the funds for refinance of existing debt and also for irrigation development on that farmland.