TS Ag Finance closed a $640,000 loan with borrowers located in Iowa. The borrowers chose the 15 year reset product with a 20 year term and 20 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 15 years with semi-annual payments. The interest rate will reset at 15 years. The borrowers pledged 241 acres of farmland as collateral and used the funds to purchase farm real estate.