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The deadline to apply for funds guaranteed by Ohio’s Ag-Linked Deposit program is March 14, according to Ohio Treasurer of State Joseph Deters.

A total of $125 million in reduced-rate loans is available to Ohio farmers through the Ag-Linked Deposits program. To learn more, contact a local office of the Farm Credit System or a lending institution that is a state depository, apply for an annual operating loan and indicate interest in receiving a reduced-rate through the Agri-Link program. The maximum allowable dollar amount is $100,000 per applicant.

If a reduced-rate loan is approved by the lending institution, the application is forwarded to the treasurer of state’s office for consideration. If approved by the treasurer’s office, the treasury purchases a certificate of deposit with the lender in the amount of the request. The treasury agrees to accept a reduced interest rate on the certificate of deposit if the lending institution agrees to pass on the same reduced interest rate to the borrower, thus the "linked deposit."

Applications for the Agri-Linked Deposit program are also available at eligible lending institutions or can be downloaded from the state treasurer’s office. Visit the OFBF Web site and click on Featured Links. For more information, call the state treasurer’s office at 800-228-1102.