TS Ag Finance closed a $2,000,000 loan with borrowers located in Texas. The borrowers chose the Ag Equity RLOC with a five year draw period, 30 year term and 25 year amortization, utilizing the Farmer Mac loan program. The initial interest rate is variable for five years with semi-annual interest only payments. The interest rate can be converted to a fixed interest rate after five years (when the revolving feature matures). The borrowers pledged 19,249 acres of ranchland as collateral and used the funds for business operating needs.