The farmer got granted an individual guarantee of 50% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
With this project, we invite you to invest in the development of a mixed farm. The project is for the purchase of the new CLAAS LEXION 6800 combine harvester. The loan will be secured by a pledge of the purchased combine and a 50% individual state guarantee.
The farmer has been engaged in agricultural activities since 2014 and now he manages 232,72 hectares of the mixed farm in Alytus district. 87% of farm income comes from the sale of grain and the rest from milk production and the sale of cattle. The businessman is expanding his farm every year, therefore this year he plans to expand the area of arable land by 100 hectares, as well as double the number of cows - there are currently about 40 of them on the farm.
To develop and expand the potential of the farm's activities, the businessman participated in the Lithuanian Rural Development Program "Support for Investments in Agricultural Holdings" and purchased a tractor, a spreader, a sprayer, and a plough.
The farmer continues to expand the farm's fleet by acquiring a combine harvester.
Equipment seller: Baltic Agro Machinery, UAB
Area of declared land: 232,72 hectares, from which 20 hectares are owned by the farmer.