Ohio Treasurer Robert Sprague has announced the implementation of a 1 percent minimum loan discount for the Ag-LINK program.

Every year before the planting season, many Ohio farm operators and other agriculture businesses seek to finance their operating costs for feed, seed, fertilizer and fuel. Ag-LINK can provide an interest rate reduction on agriculture business operation loans at eligible banks and farm credit lenders.

The state treasurer’s office administers the Ag-LINK program.

The Ohio Treasury will ensure a minimum 1 percent discount for these borrowers. The discount is effective this year and is available to farm operators and agri-businesses that use the agriculture linked deposit program.

More information on the Ag-LINK program may be found at http://ohiotreasurer.gov/aglink

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