TS Ag Finance closed a $340,000 loan with borrowers located in Wyoming. The borrowers chose the Ag Equity RLOC with a 10-year draw period, 30-year term and 20-year amortization, utilizing the Farmer Mac loan program. The interest rate can be converted to a fixed interest rate after 10 years (when the revolving feature matures). The borrowers pledged 38 acres of tangerine and orange production as collateral and used the funds for business purposes.