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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
LT0000703
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 210.39 ha | 28.49 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 376,131.00 € | 293,854.00 € |
| Net profit | 78,239.00 € | 127,475.00 € |
| Equity ratio | 35.96% | - |
Documents
Payment schedule
About the project
The farm was established in 1996 and now declares more than 210 hectares of arable land. 30.93 ha is the farmer's own land, 179.46 ha is leased from private individuals.
By 2028, the managed land area is planned to increase to 250 ha.
The main activity of the business is dairy farming. The entrepreneur has 167 dairy cattle and 38 beef cattle. Additionally, he grows crops for fodder production. The main crops on the farm are wheat, barley and oats. Almost all of this plant production is used on the farm and the rest - is sold to neighbouring farmers.
The farm sells its products at market prices, so the main tool of competition is to increase the efficiency of the farm's operations by investing in new equipment to reduce the farm's cost of production. The businessman is therefore buying an automated milking machine.
The milking robot will help to implement computerised process control for milking the cows and to ensure the highest quality of milk. The equipment will enable the farm's cows to be milked automatically and the fresh milk to be automatically delivered for further storage.
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.