Andrius Subačius is a second-generation farmer, who took over the family business in 2009. Since then, he expanded his farm into a business cultivating more than 70 hectares of agricultural land that he owns and renting 30 more hectares of arable land. In more than 100 hectares he is running a mixed farm of grain field and 40 animals, mainly cows.
To take better care of his farm, Andrius is seeking to get a loan of 16.000 Eur. The money will be used to acquire a tractor "New Holland TM165“ for 20.500 Eur. To get this chattel mortgage Andrius is using this tractor and the tractor he currently owns ("Ford NH 8210” made in 1985) as collateral. Upon request, experts made an evaluation of the tractor and valued it at 7.000 Eur. We would like to highlight that formal property evaluation has not been made for this tractor due to low economic value.
At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)
To purchase New Holland TM 165 tractor manufactured in year 2002.