Agriculture loan

Since 2021, the entrepreneur has been running an ecological livestock farm in Klaipėda region and currently has 47 purebred Aberdeen-Angus beef cattle.
The farm declares 101,58 ha of land (all is rented) for grazing and fodder production. Farmer operates together with her husband who also controls his own farm, together, both raise 130 cattle in total.

In 2022, the onset of the war and the significantly increased profitability of neighboring farms created favorable conditions for the farm to earn additional income by providing agricultural services. Additionally, the farm received a significant portion of its revenue from brokering the purchase of purebred livestock for export. With the generated profit, the farm acquired 38 purebred Angus heifers and 5 Angus breeding bulls.

In 2023, the profitability of neighboring farms significantly decreased, and the export of purebred livestock to Kazakhstan and other Asian countries declined. As a result, the farm's income from providing agricultural services and brokering livestock purchases for export also decreased. However, the first sales of the offspring began.

In 2024, the planned revenues for the organic purebred Angus beef farming are expected to grow again, due to the direct farm activity of selling weaned offspring. All purchased heifers have become cows and are producing offspring, which will be weaned and sold in late autumn for further fattening or breeding. The planned number of weaned calves for sale is 35, at €950 each. Additionally, it is planned to generate about €30,000 in income from providing agricultural services to neighboring farms. This year, by increasing the declared land area to 100 hectares, we expect to receive about €50,000 in income from direct payments.

Now the farmer is borrowing 15 000 € to increase her farm's working capital. This is not the first loan on the HeavyFiannce platform, the farmer has already fully repaid her two loans LT000731 and LT0001487 in timely manners.