TS Ag Finance closed a $315,000 loan with borrowers located in Washington. The borrowers chose the five year ARM product with a 15 year term and 25 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for five years with monthly payments. The rate will reset every five years for the life of the loan. The borrowers pledged 413 acres of timber as collateral and used the funds to purchase agriculture real estate.