TS Ag Finance closed a $930,500 loan with borrowers located in California. The borrowers chose the 10 year reset product with a 30 year term and 30 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 10 years with semi-annual payments. The interest rate will reset at 10 years. The borrowers pledged 962 acres of farmland as collateral and used the funds to refinance farm real estate debt.