TS Ag Finance closed a $70,000 loan with borrowers located in Oregon. The borrowers chose the Ag Equity RLOC with a 10 year draw period, 30 year term and 25 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 42 acres of timber production as collateral and used the funds for business purposes.