TS Ag Finance closed a $688,000 loan with borrowers located in Minnesota. The borrowers chose the five year ARM product with a 25 year term and 25 year amortization, utilizing the Triple R loan program. The interest rate is fixed for five years with semi-annual payments. The rate will reset every five years for the life of the loan. The borrowers pledged 620 acres of farmland/timber as collateral and used the funds to refinance farm real estate debt.