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.
LT0002356
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 160.04 ha | 20.00 ha |
2023 | 2022 | |
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Revenue | 107,222.00 € | 172,293.00 € |
Net profit | 13,869.00 € | 56,481.00 € |
Equity ratio | 23.04% | - |
The farmer began farming in 2010 and currently manages 160.04 hectares of land, of which, according to the farmer, 20 hectares are personally owned. Overall, the family farm operates on 500 hectares of land. The farm grows wheat, triticale, rapeseed, peas, barley, and beans, ensuring a diverse and high-quality product range.
The farmer actively applies modern farming methods and aims to continually expand the farm. Most of the work on the farm is carried out by family members—the farmer and his father—who put in every effort to ensure a plentiful and high-quality harvest, with one additional worker hired during the summer.
The farm utilizes modern equipment, including two New Holland tractors, two Massey Ferguson tractors, a Claas Lexion 670 TT combine harvester, a loader, a slurry tanker, a sprayer, and other necessary equipment, ensuring efficient field management and high-quality yields.
Currently, the farm is seeking funds for the purchase of equipment that will further enhance efficiency in fieldwork and ensure high-quality yields.
Join this project and help continue the development of the family farm, contributing to its growth and success.
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.