Ohio legislators proposing to expand Ag-LINK

Ohio legislators are proposing to expand the Agricultural Linked Deposit program, or Ag-LINK, which offers farm operators an interest-rate reduction on loans and lines of credit through the Ohio treasurer’s office. House Bill 415, along with its companion, Senate Bill 281, would increase the amount the state treasury sets aside each

year for the program from $125 million to $165 million. It also would increase the amount applicants can receive, from $100,000 to $150,000.

The interest-rate reductions help farmers invest in seeds, feed, fertilizer, fuel and other operating expenses. Since its inception in 1985, Ag-LINK has loaned about $2.8 billion to more than 40,000 Ohio farmers.

Last year, more than 800 farmers in 67 counties took advantage of the program. The bills’ sponsors, Rep. Robert

Sprague, R-Findlay, Rep. Brian Hill, R-Zanesville, and Sen. Bill Beagle, R-Tipp City, said they hope a bigger investment in Ohio agricultural businesses will create more jobs and boost the economy.

The application period for loans opened in mid January. Lending institutions can apply on behalf of prospective borrowers through March 9.

Check Also

Coronavirus Food Assistance Program 2.0

By Chris Zoller, Ohio State University Extension educator, ANR, Tuscarawas County Farmers are encouraged to contact …

4 comments

  1. Thank you for sharing your thoughts. I really appreciate your efforts and I will be waiting for your further
    post thanks once again.

  2. Simply want to say your article is as surprising. The clearness for your submit is
    simply great and that i could assume you are knowledgeable in this
    subject. Fine with your permission let me to take hold of your
    RSS feed to stay updated with coming near near post. Thank
    you one million and please carry on the gratifying work.

  3. Thanks for a marvelous posting! I actually enjoyed reading it, you’re a great author. I will be sure to bookmark your blog and will often come back someday. I want to encourage you continue your great job, have a nice evening!

  4. Hi, the whole thing is going well here and ofcourse every one is sharing data, that’s
    truly fine, keep up writing.

Leave a Reply to personalloanssingapore.weebly.com Cancel reply

Your email address will not be published. Required fields are marked *