While these national economic challenges continue to work against Ohio’s farmers, here at the state level, the treasurer’s office is working for them to lower their borrowing costs and save them money.

 While these national economic challenges continue to work against Ohio’s farmers, here at the state level, the treasurer’s office is working for them to lower their borrowing costs and save them money.

Through our Ag-LINK program, farmers, agribusinesses, and agricultural cooperatives can receive interest rate reductions on new or existing loans.For more than 30 years, the program has helped Ohio’s agriculture industry to finance the upfront costs of feed, seed, fuel, fertilizer, equipment and other expenses.

For family farmers and others in the agriculture industry whose profit margins are already razor thin, Ag-LINK’s interest rate reduction can make a real difference. And in the current high interest rate environment, the program is even more impactful. For the first quarter of 2023, the minimum loan discount is 2 percent — further demonstrating Ag-LINK’s ability to serve as a significant cost-saving tool in an ever-changing financial landscape.

To make the program more responsive to current economic conditions and modern borrowing needs, Ag-LINK underwent a significant revamp last year. Central to this effort was the transition to a year-round application cycle that benefits both crop and livestock farmers alike.