TS Ag Finance closed an $8,450,000 loan with borrowers located in California. The borrowers chose the five year ARM interest rate product with a 15 year term and 25 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for five years with semi-annual payments. The borrowers pledged 518 acres of fruits, nuts and peach producing farmland as collateral and used the funds for refinancing exiting debt.