TS Ag Finance closed a $12,850,000 loan with borrowers located in Texas. 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 semi-annual payments. The borrowers pledged 19,249 acres of ranchland as collateral and used the funds for refinancing exiting real estate debt.