TS Ag Finance closed a $245,000 loan with borrowers located in Iowa. The borrowers chose the 20 year fixed interest rate product with a 20 year term and 20 year amortization, utilizing the Farmer Mac AgXpress loan program. The interest rate is fixed for 20 years with semi-annual payments. The borrowers pledged 80 acres of corn and soybeans as collateral and used the funds for refinancing exiting real estate debt.