COLUMBUS — Farmers and agribusiness owners can still obtain reduced-interest loans through the Ag-LINK program of the state treasurer’s office.
The application period was reopened in July to help farmers affected by this year’s extreme weather.
The Ag-LINK program helps Ohio farmers and agricultural businesses finance upfront operating costs for feed, seed, fertilizer, fuel, and other flood-related costs. Through this round of applications, farm operators and agribusiness owners based in Ohio can receive a 2 percent interest rate reduction on loans up to $150,000.
Applications will be accepted until Nov. 15. Farm operators and agribusinesses who previously received loans through Ag-LINK earlier this year may be eligible during this application period if they did not request the $150,000 program limit, or if they want to lower the interest rate on their current Ag-LINK loans.
Those interested in Ag-LINK should contact a participating bank or Farm Credit Service lender. More information on the Ag-LINK program, including a list of current participating financial institutions, may be found here.
In addition to Ag-LINK, farmers and agribusinesses impacted by severe weather may be eligible for loans through two other economic development programs offered by the state treasurer’s office: ReEnergize Ohio and GrowNOW.