TS Ag Finance closed a $1,312,500 loan with borrowers located in California. The borrowers chose the 10 year fixed reset interest rate 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 monthly payments. The borrowers pledged five acres of an acreage with tangerine and lemon production as collateral and used the funds for purchase of farmland real estate.