Land Offers Time-Limited 3% Cashback Campaign for Agricultural Loans

Today (07/13/2023) Lande announced that it has started a time-limited 3% cashback campaign. Land is a P2P platform that provides secured loans to farmers. The cashback campaign runs for one month until 08/12/2023.

I have been investing myself in loans to farmers in different countries for 3 years. So far only on the P2P platform HeavyFinance. So far I have been able to achieve double-digit returns.

Up until now I had held back on Landing. I had already registered with Lande in August 2022, but had not yet paid any money.

This will now change as I will now participate in this promotion to receive the 3% cashback on top of the normal interest.

This is how Land developed

At Land, agricultural loans of over 12 million euros have already been granted since 2020.

By the end of May 2023, Lande had issued over €10.6 million in agricultural loans.

2.6% of the total is more than 90 days past due. With these loans, an attempt is made to find a solution with the farmer so that he can continue to pay the installments. If this is unsuccessful, it goes to court and the securities are auctioned off. The auction process can take several months.

0.8% of the loans have defaulted.

Here is the latest landing performance report in PDF format:

LANDE-Quarterly-Performance-Review

Lande offers farm loans in 3 countries

At Land, agricultural loans are given to farmers from Latvia, Lithuania and Romania.

All loans are backed by collateral from the farmers. The collateral can be land, farm machinery or livestock. So if the farmers don’t pay according to plan, this security can be realized and prevent or reduce a loss for the investors.

So there is no buyback guarantee on these loans and these loans are subject to default. If a loan defaults, it may take longer for the collateral to be auctioned off. With the collateral, however, the farmers will do everything they can to repay the loan so that they do not lose it.

There is so much return

The interest rate on agricultural loans is between 10-12%. This is what the primary market currently looks like:

The terms go from 6 months to 36 months.

Usually there is monthly interest and annual or at the end of the principal payments. Because farmers do not have regular, distributed income, but usually higher income at harvest time and lower income in winter, the payment plans are chosen very variably.

This is how the cashback campaign works

The 3% cashback is available for all loans on the primary market from July 13th, 2023 to August 12th, 2023.

But not automatically. To do this, you have to enter the promo code “CASHBACK” when investing manually.

To do this, click on “Add promo code” on the first market and then “CASHBACK” input.

The minimum investment is €50 per loan.

This email was sent today by Land to all investors:

Land probably has more demand for loans from farmers at the moment. Because it is the first time that the country is starting such a high cashback campaign.

Some farmers receive subsidy payments from the European guarantee fund

Some farmers are also recipients of support payments from the “European Agricultural Guarantee Fund” and the “European Agricultural Fund for Rural Development”.

These farmers receive EU subsidies from the fund. This is then noted in the credit project in the description.

Secondary market without surcharges and discounts available

At Lande there is the possibility to place loans on the secondary market for sale. Unfortunately, there is no way to sell at premiums or discounts. This gives you good opportunities to sell “good” loans to other investors with a few paid installments. However, if a loan defaults, it may become more difficult to sell this loan to another investor and then be forced to keep the loan until the end of the term or until the collateral has been realised.

This is what the secondary market at Lande looks like:

However, most loans run for between a few months and up to 3 years. If you don’t need the capital urgently but want to get out of the country, you could simply stop the new investments and thus have a very high cash flow.

My goal: invest €10,000 – €20,000 at Lande in 30 days

With an investment of €10,000, I would take part in this campaign 300€ receive cashback. At €20,000 I would 600€ receive cashback. All this in addition to normal interest.

Of course, I don’t want to invest too much in a single loan in order to be diversified. That’s why I don’t know exactly whether there will be enough credits in the next 30 days to accommodate 10K or 20K €.

At least there are currently 13 loans available on the primary market. Surely there will be new ones added in the next few weeks.

I have already made my first transfer to the country today and hope to be able to invest in agricultural loans tomorrow.

As a new investor there is even 4% cashback!

If you register with Lande via my advertising link, you will even receive 4% cashback!

3% cashback with the promo code “Cashback” and the 1% new customer bonus.

This article is not an investment recommendation, but I am writing about my experiences with different P2P providers. This article contains affiliate links. If someone registers and invests with a provider via the advertising link, I get a small commission. There is a risk of total default and past returns are no guarantee of future performance.