This project provides the HeavyFinance investor community with an opportunity to finance a Lithuanian crops farm. The collected funds will increase the farm's working capital. The loan will be secured by receivables from the sale of the rapeseed.
The project owner has almost two decades of experience in the agriculture sector. She is developing a 308.8 ha farm in Panevėžys district, where spring and winter wheat, rapeseed, and peas are grown here.
The farm's heavy equipment fleet currently consists of three tractors, a sprayer, a cultivator, a drill, a combine, and other equipment necessary for maintaining the successful farm. For a complete preparation for the upcoming season, the businesswoman aims to borrow 27.950 € for a used telescopic loader Merlo Panoramic 41.7.
The farm's financial statements show that in 2019 the farm did not make any profit. The unfavorable situation was due to the infertile season. However, the financial results of 2020 show that the farm has recovered - last year the profit reached almost 130.000 €.
The entrepreneur already has further plans for the development of the farm - she plans to renovate the grain dryer and buy a spreader.
Equipment seller: AGROTEKMA, UAB
Area of declared land: 308,8 ha, from which 182,98 ha is owned by the farmer