Saturday, November 23, 2024

Treasurer’s office relaunches AGLink program

The Office of the Oklahoma State Treasurer announced the relaunch of the Agricultural Linked Deposit Program, an initiative designed to support Oklahoma’s farmers, ranchers and agricultural businesses.

The program, which launched on Nov. 1, will provide financial assistance to at-risk farms and alternative agricultural ventures.

Through the Agricultural Linked Deposit Program, eligible agricultural businesses can access lower-interest loans to sustain and expand their operations. This program serves as a resource to Oklahoma’s agricultural community, addressing their need for accessible financing. Reducing financial barriers can help Oklahoma’s agricultural producers thrive and contribute to the state’s economy.

Qualified applicants include Oklahoma-based farms and businesses producing, processing, or marketing agricultural products, with specific provisions for at-risk farms and alternative agricultural products. Loans through this program can be used for business operations, refinancing, or expanding production.

For more information or to apply, visit the Oklahoma State Treasurer’s website or contact the Linked Deposit Loan Program at (405) 522-9465.