Reduced rates on operating loans

SAVE MONEY, LOWER RATES ON OPERATING LOANS

Agriculture is the backbone of Ohio's economy and critical to our state’s long-term success. However, farmers continue to face challenges when it comes to financing for operations.

Through Ag-LINK, farm operators, agribusinesses, and co-ops can receive up to a 3% interest rate reduction on new or existing operating loans.

For more than 30 years, the program has helped Ohio’s agricultural community to finance upfront costs for feed, seed, fertilizer, fuel, equipment, and other expenses.

 

  • Eligible farm operators and agribusinesses:
    • MUST be organized for profit;
    • MUST have headquarters and 51% of operations maintained in Ohio;
    • MUST use the loan exclusively for agricultural purposes; and
    • MUST agree to comply with all program and financial institution regulations.

 

  • The Ag-Link application period is available year-round.
  • After the loan officer submits the online Ag-LINK application on behalf of the farmer or agribusiness, the Treasurer’s office begins the review process.
  • If all eligibility criteria are met, the application is approved.
  • Upon request from the financial institution, the Treasurer’s office will make a deposit or purchase an investment at a negotiated, below-market rate.
  • The financial institution offsets the borrower's interest rate by the same negotiated rate.