TS Ag Finance closed a $1,500,000 loan with borrowers located in California. The borrowers chose the 10 year ARM interest rate product with a 25 year term and 25 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 10 years with monthly payments. The borrowers pledged 913 acres of almond production and seasonal rangeland with recreational uses as collateral and used the funds for refinancing exiting real estate debt.