To help Ohio farmers and agribusinesses finance the up-front costs of this year’s growing season, the state State Treasurer’s Office has opened the application period for its Ag-LINK program. The application period will remain open until March 20.
Through the application period, farm operators and agribusiness owners based in Ohio can receive an interest rate reduction on loans up to $150,000. Although the exact amount of the discount will be provided to lenders in late March, the minimum 1 percent discount announced by Treasurer Robert Sprague in February 2019 remains in place.
Those interested in Ag-LINK should contact their lender to begin the online loan application process. More information on the Ag-LINK program can be found online at http://ohiotreasurer.gov/aglink