TS Ag Finance closed a $160,000 loan with borrowers located in Iowa. The borrowers chose the 15 year ARM interest rate product with a 20 year term and 20 year amortization, utilizing the Farmer Mac AgXpress loan program. The interest rate is fixed for 15 years with semi-annual payments. The borrowers pledged 59 acres of corn and soybeans as collateral and used the funds for the purchase of agriculture real estate.