This project provides the HeavyFinance investor community with an opportunity to finance a Lithuanian crops farm. The project owner has almost two decades of experience in the agriculture sector. She is developing a 311,23 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, a telescopic loader, and other equipment necessary for maintaining the successful farm. The businesswoman has vivid her future farm's perspective and is trying to implement her plans with HeavyFinance financing solution. With this project, she aims to borrow 76.000 € to purchase 4,22 hectares of agricultural land, install a mobile hangar, and increase working capital to prepare for the sowing season.
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 €.
This is not the first farmer's project on the HeavyFinance platform - in total, the businesswoman has borrowed 62.950 €. Loan payments are made on time.
Area of declared land: 311,23 hectares, from which 187,20 hectares are owned by the project owner.