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.
LT0002992
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 60.76 ha | 11.18 ha |
2024 | 2023 | |
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Revenue | 102,807.00 € | 83,304.00 € |
Net profit | 38,293.00 € | 33,462.00 € |
Equity ratio | 29.96% | - |
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The farm was established 5 years ago in the Alytus district. The farm declares over 60 hectares of land in total, of which 11 hectares are owned.
It is a mixed farm, focusing on dairy cattle farming and the cultivation of cereal crops. Conventional farming technologies are currently used, but the farmer's goal is to gradually transition to precision farming practices. The farmer is committed to continuously modernizing the farm’s operations, adopting innovative technologies, and increasing competitiveness among other farmers engaged in similar activities. Therefore, the decision was made to implement an investment project aligned with the priorities and focus areas of the support measure “Investments in Tangible Assets,” as well as its comprehensive objectives.
Through the project, the farm will acquire new agricultural machinery (fertilizer spreader, trailed sprayer, trailer, and crop shredder) and equipment (mobile milking unit). These innovative investments will enable the farmer to improve livestock productivity and production volumes, thereby achieving key farm performance indicators – including higher productivity, increased income, improved animal health, and cost savings.
The funds will be used to acquire the aforementioned new equipment with support from the NPA (National Paying Agency).
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.