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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.
PL0000925
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 116.00 ha | 45.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 84,326.00 € | 44,753.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The project owner inherited the farm in 2013. He has long-term leases from the National center of agricultural support (NEB) of 116 hectares. He manages the farm with the help of his parents.
The farmer raises dairy cows - he has 45 cows (HF-Holstein Friesian), which are high dairy under the PFHBiPM (Polish federation of cattle breeders and dairy farmers) assessment, and 25 heifers. After obtaining financing from HeavyFinance, he will add 35 heads. Ultimately, he wants to have 160 heads to maximize the capacity of infrastructure on his farm.
The farmer produces animal feed himself, and therefore grows corn (26ha), grain mixtures for feed (30ha) and alfalfa-clover grass (60ha). The project owner has a permanent milk contract with Mlekovita.
The following machinery is used on the farm:
- Class Medion combine (2010)
- Class Jaguar field forage harvester (2010)
- Schumacher self-loading trailer (2008)
- Fliegl spreader (2015)
- barrel truck
- forage truck
- Manitou loader
- John Deere 6520 JD tractor (2010)
- John Deere 6630 JD tractor (2003)
- Steyr 6225 tractor (2012)
- Steyr 6160 tractor (2012)
- VENTA LC 4000 seeder (2013)
- Kuhn power unit (2011)
- Pilmet sprayer (2014)
- Monosem precision seeder
In 2013, a fire broke out on the farm, the buildings and all the feedstock burned down, by the end of the year all the buildings were rebuilt, but more than 200t of grain for feed and tons of straw were burned in the fire, so the client had to take out liability.
In 2015 the area where the farm is located was hit by drought, the farmer harvested only 30% of the planned crop.
Despite all these difficulties, the farmer continues to run a profitable farm, his income in 2020 was EUR 13,867, in 2021 already EUR 44,752, then in 2022 EUR 84,326. The farmer additionally provides services to other farmers, as he has a high-quality equipment.
The loan from HeavyFinance will allow the farmer to increase the size of his cow herd, as the machinery park is sufficient for much larger production.
This is the farmer's second loan out of two planned at the moment.
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.