TS Ag Finance closed a $300,000 loan with borrowers located in Delaware. The borrowers chose the five year ARM interest rate product with a 25 year term and 25 year amortization, utilizing the Farmer Mac AgXpress loan program. The interest rate is fixed for five years with semi-annual payments. The borrowers pledged 212 acres of hay and timber as collateral and used the funds for the purchase of agriculture real estate.