TS Ag Finance closed a $1,000,000 loan with borrowers located in Texas. The borrowers chose the five 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 five years with semi-annual payments. The borrowers pledged 10,863 acres of irrigated farmland producing cotton lint and hay, native pastures, CRP and improvements as collateral and used the funds for refinancing exiting real estate debt.