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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.
PL0002572
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 85.00 ha | 7.50 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 244,261.04 € | 213,285.77 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Farmer started his business in 1993 when she got land from his parents, initially 7.5 ha, then from 2015 increasing the cultiating area through leases. Ewa works on the farm with her son and his wife. The farmer has 7,5 hectares of land and 85 hectares lease (some of them in "oral way"), where she cultivates rye 25 ha, oats 20 ha, triticale 25 ha, maize 20 ha, blueberry 2.5 ha. She breeds Limousine and Charolaise beef cattle. It keeps an average of 100 beef cattle per production cycle.
She uses such equipment as:
- Case Farmal 95U tractor with loader 2015
- Case Maxxum 125 tractor 2015
- Pichon M1350 spreader 2017
- Case RB 344 baler 2015
- Potinger novacat 305 mower 2016
- Agromasz 3m cultivating and sowing unit 2015
- Agromasz 3m disc aggregate 2019
- Agromasz SN 300 seed drill 2015
- Inter Tech rotary rake 3.5 metres 2015
The farmer plans construct of a shed for fattening cattle, increase of cattle density to about 200 head, gradual purchase of leased land for ownership. The loan is to be used to repay existing loans and purchase of weanlings to the next cycle of production.
The loan will be secured by a mortgage valued at €236,462. This includes a land property with a residential building and other buildings, located on plot no. 369, which has been independently appraised at €164,128. Additionally, the mortgage covers agricultural land registered under LU1B/00080776/5 and LU1B/00077112/9, valued at €72,334 based on average prices reported by the Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture.
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.