agriculture_loan

In 1999, a mixed farm was set up in the Pasvalys district, growing cereals such as wheat, oilseed rape and others. The farmer declares 146,13 hectares of land of which 80 ha are owned by the farmer himself. He and his wife also keep 500 colonies of bees on the farm, which produce 20 tonnes of pure honey every year. All the honey is exported to foreign markets.

The farmer has benefited from several EU subsidies, which have enabled him to purchase new farm machinery such as tractors, combine harvesters and other farming equipment, as well as a modern honey processing plant. The farm has been awarded several prizes for its sustainability and tidiness.

Currently, the farm needs investments for its expansion, for which the farmer has approached the HeavyFinance community, and the necessary amount will be used to refinance the loan with another credit institution and for the expansion. The loan will be secured by a mortgage on 23.94 ha of land.