The Center for Innovative Technology (CIFT) will host its monthly Northwest Ohio Ag-Business Breakfast Forum Feb. 18 from 7:30 to 9 a.m. at the Agricultural Incubator Foundation, located at 13737 Middleton Pike (SR 582) in Bowling Green.
Jessica Ford, regional community affairs director, Office of Ohio Treasurer of State, will present information on the Ag-Link and GrowNOW programs.
Ag-Link is an annual program that provides an interest rate reduction on operating loans and lines of credit to Ohio’s farming community ($125 million is allocated annually). The Ohio Treasury provides deposits with Ohio banks at below-market rates when the bank agrees to reduce the interest rate on the farmer’s loan. If an eligible farmer’s application is accepted, the treasurer purchases a certificate of deposit at a reduced rate from a lender for one year ¬– in turn, that lender lowers the interest rate of the loan given to the farmer.