TS Ag Finance closed a $1,425,000 loan with borrowers located in Minnesota. The borrowers chose the Ag Ignition RELOC with a 10-year draw period with interest only payments, 10-year term with a balloon payment at maturity, utilizing the Ag Ignition Fund loan program. The interest rate is fixed for the first and will adjust annually the remaining 5 years. The borrowers pledged 329 acres of corn and soybean production as collateral and used the funds for business purposes.