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.
This project provides the HeavyFinance investor community with an opportunity to invest in the expansion of the farm’s heavy machinery fleet. The project owner seeks to purchase a used telescopic loader MERLO PANORAMIC 40.7 from the collected funds. The loan will be secured by the purchased machinery.
The farmer who has 18 years of farming experience, is currently developing a 222 ha organic mixed farm in the Telšiai district. The 100 ha area consists of arable land where wheat, rye, and other crops are grown. The rest of the farm is dedicated to meadows and pastures - 122 dairy cattle are grazing there.
The businesswoman is planning to purchase a used telescopic loader for the successful further development of the farm. For the purchase of this technical unit, she borrows 30.090 € from the HeavyFinance investor community.
The farm's technical fleet consists of several tractors and other smaller necessary equipment. One new construction for cattle is currently being built on the farm. The project owner is planning to expand livestock farms and purchase more cows in the nearest future.
Equipment seller: AGROTEKMA, UAB
Area of declared land: 192,58 ha, from witch 60 ha is owned by the farmer. In 2021, the farm land has expanded to 222 ha, but these new plots are not included in 2020 declaration.