State Representative Robert Sprague of Findlay, Representative Brian Hill of Zanesville and State Senator Bill Beagle of Tipp City have co-sponsored legislation that will update the state’s Ag-LINK program. Representative Sprague describes what the proposed legislation does.
“What we are doing, is raising the per person limit on the Ag-LINK deposit loan program from $100,000 to $150,000 per person and then there’s an aggregate limit that the Treasurer of State has to stay within and currently that’s at $125 million,” said Representative Sprague. “We’re increasing that total amount of loans that Treasurer of State can process to $165 million.”
Audio: State Rep. Robert Sprague (R-Findlay) (5:10 MP3)
Representative Hill (R-Zanesville) tells Brownfield he has seen firsthand what the Ag-LINK program has come to mean to farmers.
“I’ve been in the feed business about 25 years and a lot of my customers, especially the younger customers that we’re trying to get started in the business this is an opportunity for them to get a hold of some capitol,” Representative Hill said. “This has been a way for them to get in, the banks feel secure lending them the money and gives them the opportunity to be in the business.”
Audio: State Rep. Brian Hill (R-Zanesville) (2:15 MP3)
The State Treasurer’s office will accept applications for the 2012 Ag-LINK program from Thursday, January 19, through March 9, 2012. The online application is available here.
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