TS Ag Finance closed a $9,000,000 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 6,171 acres of irrigated and dryland cropland (wheat, seed milo, watermelons, pumpkins, hop and corn), CRP and grass pastureland as collateral and used the funds for refinancing exiting real estate debt.