TS Ag Finance closed a $234,500 loan with borrowers located in California. The borrowers chose the 15 year ARM interest rate product with a 25 year term and 25 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 15 years with monthly payments. The borrowers pledged eight acres of avocado producing farmland as collateral and used the funds for the purchase of farmland.