TS Ag Finance closed a $250,000 loan with borrowers located in California. The borrowers chose the 15 year fixed interest rate product with a 15 year term and 25 year amortization, utilizing the Farmer Mac loan program. The interest rate is fixed for 15 years with monthly payments. The borrowers pledged 18 acres of sorghum/sudan producing farmland as collateral and used the funds for further development of that farmland.