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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.
PL0001036
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 116.00 ha | 45.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 119,021.00 € | 44,753.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
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The project owner took over part of his parent's farm in 2013. He has long-term leases from the National Center of Agricultural Support (NEB) for 71 hectares. He manages the total area of a 116-hectare farm with the help of his parents.
The farmer raises dairy cows - he has 80 head (HF-Holstein Friesian), which the PFHBiPM (Polish Federation of Cattle Breeders and Milk Producers) evaluates as high-milking, and 25 heifers. Thanks to financing from Heavy Finance, he has bought 35 heads. Ultimately, he wants to have 160 heads, because that's what the infrastructure on his farm allows.
The farmer produces fodder himself, so he grows corn (26ha), grain mixtures (strictly for fodder)(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 (2007)
- 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, and 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 119020,68 EUR.
The farmer additionally provides services to other farmers, as he has high-quality equipment.
The loan from HeavyFinance will allow the farmer to purchase 37 more high-milking cows.
One cow yields about 50 liters of milk per day. The current rate the customer receives per liter of milk is EUR 0.64. This will increase the farmer's monthly income by about EUR 33,693.
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.