TS Ag Finance closed a $370,000 loan with borrowers located in California. The borrowers chose the 15 year fixed interest rate product with a 15 year term and 15 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 15 years with monthly payments. The borrowers pledged 40 acres of peach and apricot producing farmland as collateral and used the funds for the refinance of existing debt.