TS Ag Finance closed a $500,000 loan with borrowers located in Iowa. The borrowers chose the 15 year fixed interest rate product with a 30 year term and 30 year amortization, utilizing the Farmer Mac AgXpress loan program. The interest rate is fixed for 15 years with semi-annual payments. The borrowers pledged 160 acres of corn and soybeans as collateral and used the funds for refinancing exiting real estate debt.