The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
HeavyFinance provides investors an opportunity to invest in the development of a mixed farm. A farmer who has received an individual state guarantee borrows for the purchase of a new trailed sprayer. The purchased equipment will be pledged to secure the loan.
The main activity of the farm is crop production - sown land covers about 122 ha, leaving the remaining areas for meadows and pastures. Wheat, rape, peas, and oats grow in the most fertile areas, as well as sheep - currently, there are around 440 of them on the farm.
To make the farm more efficient, the businessman is borrowing 50.300 €, which will be used to purchase a new trailed sprayer AGRIO NAPA 3300.
Last year, a farmer borrowed 22.011,28 € for sheep handling equipment to automate the processes. The equipment was purchase with a received Nacional Paying Agency support. This project was successfully implemented, and the purchased equipment improved the productivity of the farm. Payments on this loan are made on time.
This year, the farmer plans to expand the crop area to 180 ha, as well as expand the herd of sheep on the farm to 500.
Equipment seller: Agroteka, UAB
Area of declared land: 163 ha, from which 30 ha is owned by the farmer