TS Ag Finance closed a $640,000 loan with borrowers located in Iowa. The borrowers chose the 15 year fixed interest rate product with a 15 year term and 25 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 15 years with semi-annual payments. The borrowers pledged 241 acres of farmland as collateral and used the funds to purchase 107 acres.