Ag Link savings 2023

By Ohio Treasurer Robert Sprague

For nearly 40 years, Ohio’s farming community has turned to Ag-LINK to assist with the upfront costs for feed, seed, fertilizer, fuel, equipment, and other expenses. Through the program, farmers, agribusinesses, and co-ops can save money through interest rate reductions on new or existing operating loans.

The treasurer’s office has worked closely with agriculture stakeholders across the state to modernize Ag-LINK and make it more useful in today’s economic environment. I’m happy to share that these reform efforts are paying off and the program is providing more savings than ever before.

In 2023 alone, Ag-LINK saved Ohio’s farming community more than $14.1 million, shattering 2022’s single-year record of $2.03 million. All told, that’s a 594% increase in year over year savings.

The effort to overhaul Ag-LINK was not a solution in search of a problem. Rather, it came as a direct result of the feedback we received about the ways high inflation and supply chain issues were increasing the cost of doing business. By working together with farmers across the state, we reimagined this long-standing program to work better for the people who work so tirelessly to put food on our tables.

We look forward to building upon 2023’s success and continue making significant savings accessible to Ohio’s agriculture industry. For the first quarter of 2024, Ag-LINK’s minimum loan discount is set at 2.65%. Additionally, this year’s loan cap has been set at $500,000.

Agriculture has long been the backbone of our state’s economy, and the treasurer’s office is proud to do its part to ensure that remains true for years to come. I encourage all farmers, agribusinesses, and co-ops looking at financing options to talk to their financial institution about how Ag-LINK can help them save. More information on Ag-LINK can be found on our website.

Labor has always been an issue, mainly because we are a seasonal operation. So that's a challenge finding somebody who only wants to work three months out of a year, sometimes up to six months.
Mandy Way's avatar
Mandy Way

Way Farms

Farm Labor Resources
I appreciate the benefit of having a strong voice in my corner. The extras that are included in membership are wonderful, but I'm a member because of the positive impact to my local and state agricultural communities.
Ernie Welch's avatar
Ernie Welch

Van Wert County Farm Bureau

Strong communities
I see the value and need to be engaged in the community I live in, to be a part of the decision-making process and to volunteer with organizations that help make our community better.
Matt Aultman's avatar
Matt Aultman

Darke County Farm Bureau

Leadership development
Farm Bureau involvement has taught me how to grow my professional and leadership experience outside of the workforce and how to do that in a community-centric way.
Jaclyn De Candio's avatar
Jaclyn De Candio

Clark County Farm Bureau

Young Ag Professionals program
With not growing up on a farm, I’d say I was a late bloomer to agriculture. I feel so fortunate that I found the agriculture industry. There are so many opportunities for growth.
Jenna Gregorich's avatar
Jenna Gregorich

Coshocton County Farm Bureau

Growing our Generation
Knowing that horticulture is under the agriculture umbrella and having Farm Bureau supporting horticulture like it does the rest of ag is very important.
Jared Hughes's avatar
Jared Hughes

Groovy Plants Ranch

Groovy Plants Ranch
If it wasn't for Farm Bureau, I personally, along with many others, would not have had the opportunity to meet with our representatives face to face in Washington.
Austin Heil's avatar
Austin Heil

Hardin County Farm Bureau

Washington, D.C. Leadership Experience
So many of the issues that OFBF and its members are advocating for are important to all Ohioans. I look at OFBF as an agricultural watchdog advocating for farmers and rural communities across Ohio.
Mary Smallsreed's avatar
Mary Smallsreed

Trumbull County Farm Bureau

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