Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
LT0002875
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 81.23 ha | 0.00 ha |
2024 | 2023 | |
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Revenue | 77,121.00 € | 42,420.00 € |
Net profit | 18,055.00 € | 25,678.00 € |
Equity ratio | 8.13% | - |
The organic farm was established 10 years ago in the Šilutė district. It is a mixed-type farm, currently raising 30 head of cattle, including 20 dairy cows and 10 young stock. The farm also grows cereal crops such as oats, wheat, buckwheat, peas, and lupins. Crop rotation is applied, and cover crops are cultivated. A portion of the grain is used for on-farm feed, while the rest is sold. Income is split approximately 50/50 between crop and dairy production.
The farm declares 81 hectares, all of which is leased. The farm operates with 4 tractors, a combine harvester, and other machinery. Farming activities are carried out together with family members; the farmer's mother runs a nearby farm with 39 hectares of land, all of which is owned. In total, the family manages about 40 dairy cows and over 100 hectares of arable land.
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.