This project provides the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian ecological farm. The financing will be used for the acquisition of 14.4713 ha land and the purchased plots will be pledged to secure the loan.
The borrower has already engaged in mixed farming for 13 years and now successfully manages a 327.27 ha organic farm in the Anykščiai district.
On the farm, half of the land is covered by crops, and the rest is meadows, where beef cattle graze. The farmer currently owns 2 bulls, 65 cows, and about 50 young calves and heifers. Farming traditions are also nurtured by the farmer's family - the businessman's mother has about 180 hectares of land and his wife has 125 ha. The family manages the entire area of land together.
The farmer seeks to acquire new machinery and equipment for more efficient farm development. For this purpose, the farmer has already received National Paying Agency (NPA) support, which will reimburse up to 50% of the total eligible costs of the project. The support received by the farmer can cover up to 157.637 €.
HeavyFinance investors have already provided financing for two previous projects for acquisition of new heavy equipment with National Paying Agency support. After upgrading the farm’s heavy machinery fleet, the farmer is planning to purchase two land plots. For the implementation of the project he is borrowing 19,700 € for the purchase of 14.4713 ha.
Currently, the farm’s technical fleet consists of four tractors, a combine, a drill, a rake, a cultivator, and other necessary equipment.
Area of declared land: 327,27 ha