Ohio Treasurer Roberts Sprague is reminding Ohio farmers, agribusinesses, and agricultural cooperatives (co-ops) that the Ag-LINK program is available year-round as they plan for the 2023 growing season.
“With interest rates continuing to climb, Ag-LINK plays a critical role in keeping costs down for Ohio’s agriculture industry,” Sprague said. “Thanks to constructive feedback from ag leaders across the state, we’ve taken Ag-LINK to the next level and made it more useful than ever. After a record-setting year in 2022, we’re ready to once again put our balance sheet to work and support even more farmers across the state.”
Through Ag-LINK, farmers, agribusinesses, and co-ops can receive an interest rate reduction on new or existing operating loans. For more than 30 years, the program has helped Ohio’s agriculture community to finance the upfront costs for feed, seed, fertilizer, fuel, equipment, and other expenses.
An eligible borrower:
• Is either organized for profit or as an agricultural cooperative;
• Must have headquarters and 51% of operations maintained in Ohio;
• Must use the loan exclusively for agricultural purposes; and
• Must agree to comply with all program and financial institution regulations.… Continue reading