TS Ag Finance closed a $505,000 loan with borrowers located in Iowa. The borrowers chose the 25 year fixed interest rate product with a 25 year term and 25 year amortization, utilizing the Farmer Mac AgXpress loan program. The interest rate is fixed for 25 years with semi-annual payments. The borrowers pledged 236 acres of corn and soybeans as collateral and used the funds for refinancing exiting real estate debt.