TS Ag Finance closed a $660,000 loan with borrowers located in California. The borrowers chose the five year ARM interest rate product with a 20 year term and 20 year amortization, utilizing the TS Ag Finance Triple R loan program. The interest rate is fixed for five years with semi-annual payments. The borrowers pledged 40 acres of pistachio producing farmland as collateral and used the funds to refinance farm real estate debt.