Loans OK’d in ag-link program
More than 700 farms in 64 counties have been approved to receive loans in the state’s Agricultural Linked Deposit Program.
State Treasurer Josh Mandel said farmers from across the state have been approved to receive $59.1 million in interest rate reductions on operating loans and lines of credit this year.
Locally, five farmers in Ottawa County were approved for a total of $420,000 in loans; six in Lucas County for $460,000; 10 in Sandusky County for $855,000, and 35 in Wood County for $2.8 million.
The program has been in existence for 27 years but Mandel and the state legislature are working on updates, including raising the maximum loan amount to $150,000 from $100,000.
The proposals also increase the amount for Ag-Link deposits to $165 million from $125 million.
Mandel said the program eases the up-front burden for expenses such as seed, fertilizer, fuel and feed.
Named to board
Alvin Roepke, the owner of Vision Quest, has been named to the Elmore Board of Public Affairs, replacing Dave Hower, who was appointed to a seat on village council.
The seat on council to which Hower was appointed became open when Dave Crozier, who was elected to council in November, passed away recently.
B-C-S board to meet
The Benton-Carroll-Salem Board of Education will meet April 24, 2012 beginning at 5 p.m., in the board office, 11685 W. St. Rt. 163, Oak Harbor.