TS Ag Finance closed a $700,000 loan with borrowers located in Colorado. The borrowers chose the one month LIBOR ARM interest rate product with a 15 year term and 25 year amortization, utilizing the Farmer Mac loan program. The initial interest rate is fixed for 25 years with annual payments. The borrowers pledged 320 acres of alfalfa producing farmland as collateral and used the funds to refinance existing debt.