OKLAHOMA (OBV) – The State of Oklahoma is relaunching a program specifically designed to help farmers, ranchers and agricultural businesses across the state.
The Oklahoma State Treasurer’s Office announced the return of the Agricultural Linked Deposit Program (AGLink), according to officials with the Oklahoma State Banking Department.
The program will officially relaunch on Nov. 1 and provide financial aid to at-risk farms and alternative agricultural ventures.
“This program is crucial not only for individual farmers and ranchers but for the entire state’s agricultural infrastructure,” Treasurer Todd Russ said. “Oklahoma’s agricultural sector is not only one of the state’s largest economic drivers but also a deeply rooted part of our identity and way of life. By investing in our agricultural producers, we are strengthening rural economies, safeguarding food supplies, and ensuring Oklahoma remains a leader in agricultural innovation, resilience and national security. The Agricultural Linked Deposit Program is a testament to our commitment to supporting the backbone of our economy and preserving Oklahoma’s agricultural heritage for generations to come.”
Eligible agricultural businesses can use the program to gain lower interest loans that will help them sustain and grow their operations.
The program’s purpose is to be a resource that provides accessible financing to Oklahoma’s agricultural community.
“Reducing financial barriers can help Oklahoma’s agricultural producers thrive and contribute to the state’s economy,” state officials said.
Applicants who qualify for the program include Oklahoma farms and businesses that either produce, process or market agricultural products. Specific provisions are in place for at-risk farms and alternative agricultural products.
AGLink loans can be used for business operations, refinancing or expanding production.
Visit the Oklahoma State Treasurer’s website or contact the Linked Deposit Loan Program at (405) 522-9465 for more information on AGLink or to apply for financial assistance through AGLink.
