Ignas Riauba has a mixed ecological farm in Lithuania, Klaipėda county. He grows more than 100 dairy cows and other cattle. Furthermore, he grows spelt wheat, oats, buckwheat among other grain crops.
After more than six years of farming, he owns more than 100 ha of arable and rents more than 350 ha of arable land. Ignas is planning to acquire more land in the future, however, as for now, he decided to invest in buying more heavy equipment.
Therefore, he is buying tracked excavator Case cx180D made in 2016. This heavy-duty vehicle will be employed to cut bushes and clean the land for himself and other farmers around him.
According to the independent valuation company, this tracked excavator is worth €125.235. It was used for 2.207 moto hours and is in a good condition.
To acquire this heavy-duty vehicle Ignas is borrowing €82.750 from HeavyFinance investor community. Consequently, loan-to-value ratio is 66%. Besides, the principal amount will be paid back to investors in yearly instalments, while the interest will be paid monthly.
The financial situation of the farm
To purchase crawler excavator Case CX 180D.