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