TS Ag Finance closed a $578,200 loan with borrowers located in Iowa. The borrowers chose the 10 year ARM interest rate product with a 30 year term and 30 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 10 years with semi-annual payments. The borrowers pledged 295 acres of pasture and recreational timbered land as collateral and used the funds for the purchase of agriculture real estate.