TS Ag Finance closed a $490,000 loan with borrowers located in Washington. The borrowers chose the five year ARM interest rate 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 borrowers pledged 88 acres of apple and various vegetable producing farmland as collateral and used the funds to refinance existing farm debt.