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.
PL0002320
Project owner | Address |
---|---|
header_1 | Declared | Owned |
---|---|---|
Dirbama žemė | 154.00 ha | 26.00 ha |
2024 | 2023 | |
---|---|---|
Revenue | 106,162.32 € | 94,298.21 € |
Net profit | - | - |
Equity ratio | - | - |
The farmer has been farming since 2001, when he took over 24ha from his parents. Since then he has managed to expand the farm to 154ha, of which he owns 26ha. On the farm he works independently and is involved in arable farming. His sowing structure is 40ha of rape, 45ha of triticale and 60ha of wheat.
On the farm he uses machinery such as:
- MASSEY FERGUSON tractor 2017
- AGRO-MASZ disc-sowing combination 2023
- EUROMASZ disc harrow 2022
- PILMET sprayer 2019
- AGROMASZ field harrow 2015
- UNIA 4-pivot plough 2016
The farmer plans to buy his leases outright in the next 5 years, do some modernisation of the older machinery on the farm - purchase 2 tractors, a sprayer and a new combine harvester, plus plans to build a 900 tonne grain silo.
The farmer needs funds to buy fertilisers and crop protection products.
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.