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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.
PL0000942
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 220.00 ha | 86.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 177,063.00 € | 86,041.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
This is the farmer's 1st loan from HeavyFinance out of 6 planned at the moment.
The project owner inherited the farm in 1980. He owns 86 hectares and has 134 hectares of long-term leases. He manages the farm with the help of his wife and children.
The main business is breeding dairy cows - the farmer has 40 cows as well as 10 heifers - (mixed meat race/HF-Holstein Friesian), which are high dairy under the PFHBiPM (Polish federation of cattle breeders and dairy farmers). The farmer produces animal fodder himself, and therefore grows corn (50ha), meadows (36ha), grain mixtures for feed (16ha), and sunflower (120ha).
The project owner has a permanent milk contract with Maspex which is one of the biggest companies in the food products segment in Central & Eastern Europe.
The following machinery is used on the farm:
- Class Medion combine
- John Deere 7400 field forage harvester (2005)
- Maschio seeder (2008)
- Kuhn corn seeder (2010)
- Manitou loader
- Case tractor (2004)
- Fend tractor (1998)
- barrel truck
- forage truck
In 2018 a fire broke out on the farm through the buildings and straw storage. 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.
Additionally, the farmer also has pellet production, which is currently very profitable and helped to raise the income in the current year. During the 6 months of 2022, the farmer has secured an income of over €160k, showing a rapid growth from €86k in 2021 (around 120% incremental from last year).
The loan from HeavyFinance will allow the farmer to increase the size of the pellet production. Goods from the farmer are collected by the CHP plant in Elbląg.
The revenue for 2022 consists of 10 145 € in subsidies.
The revenue for 2021 consists of 10 033 € in subsidies.
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.