This project provides the HeavyFinance investor community with an opportunity to invest in the development of a Lithuanian agriculture company. The funds are collected to purchase 4 ha of land. A sprayer Amazone UX 5200 Super and purchased land area will be pledged to secure the loan.
The company, founded five years ago by a family of farmers, currently manages 79 hectares of arable land in Telšiai district. Crops are grown on the farm and with the farm’s equipment, the company also provides services to other farms.
2020 has been really good for farming in Lithuania, thus, the financial situation of the company is improving. Agronera had more clients last year as well. The company got revenues from harvesting around 300 hectares of corn for other farmers with a self-propelled Forage Harvester Claas Jaguar 870. This equipment was acquired last year with 65.000 € borrowed from HeavyFinance investor community. The company also borrowed 15.300 € from our investor community to purchase 3 ha of arable land. The company borrowed 80.300 € in total. Agronera makes loan payments on time.
Now the company seeks to buy 4 hectares of land nearby its farm. To acquire this land Agronera is borrowing €19.900. The company will use acquiring land with a sprayer Amazone UX 5200 Super as collateral.