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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.
PL0002306
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 95.00 ha | 35.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 202,766.36 € | 230,772.98 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2011, when he took over 7ha from his parents. Since then he has managed to expand the farm to 95ha of which he owns 35ha. The farmer runs the farm together with his wife and they are involved in crop farming and cattle breeding. His sowing structure consists of 30ha of rapeseed, 40ha of wheat, 15ha of corn and 10ha of triticale. His herd consists of 30 milking cows, 15 heifers and 20 fattening cows.
On the farm they use machinery such as:
- NEW HOLLAND combine 2015
- NEW HOLLAND tractor 2018
- NEW HOLLAND tractor 2017
- POTTINGER no-till seeder 2018
- CLAAS round baler 2011
The most significant investment the farmer is currently making is the construction of a biogas plant, which is scheduled for completion in late 2025. The farmer has received a doatation for the construction of the biogas plant and has already made all the steps for its erection, and now they are just waiting for the work to be completed. The biogas plant is expected to increase the farmer's income by about €200,000 per year.
The farmer needs the funds to purchase beef cattle and add dairy cows to expand his herd.
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.