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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.
PL0001523
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 7.90 ha | 4.50 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 37,637.00 € | 29,673.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer took over the farm from his parents in 1997. He is involved in beef cattle breeding such as Angus, Simmental and Charolais.
For the last few years, he's been rearing only beef cattle and selling it to abattoirs. Previously there were also fattening cattle but at some point breeding became unprofitable and a lot of investment would have to be made in the farm premises.
The farmer buys cattle in weights of 250-350 kg. The cost of 1 head is, depending on cattle prices, last year it was around 787-900 EUR per head. He's selling it in weights of 650-750 kg with prices around 1 687 - 2 024 EUR depending on average prices.
Mr Andrew prepares his own feed and buys supplementary feed mixes. He is almost self-sufficient when it comes to feeding. The cattle are sold to the FoodService abattoir, depending on the price offered.
A cousin and brother, sometimes a neighbour, help on the farm. The family helps with the raspberry (1 hectare of different varieties) harvest that he also grows in addition to cattle breeding, however, those are on sale only to direct buyers (friends, regular customers and markets).
Producing fodder for animals means he also grows some cereals. In this case, those are: 1ha of maize, 3,5 ha of wheat, barley and rye, and 3,4ha are pastures and meadows. In the rotation, there can be found cover crops such as lupins. Straw is returned to the field as manure.
The machinery park consists of:
- URSUS c-330 tractor
- RENAULT MASTER lorry (for transport)
- plough
- reapper
- mower
- trowel
- rake
- baler
- spreader
- cereal seeder
In the future, the farmer plans to increase the raspberry acreage and modernise the plantation.
This financing from HeavyFinance will help the farmer with the purchase of 25-30 heads of beef cattle.
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.