OKLAHOMA CITY – The office of State Treasurer Todd Russ is reviving the Agricultural Linked Deposit Program, an initiative designed to support Oklahoma’s farmers, ranchers, and agricultural businesses.
The program officially rolled out Nov.
1 to provide financial assistance to atrisk 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 “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 strengthen rural economies, safeguard food supplies, and ensure Oklahoma remains a leader in agricultural innovation, resilience and national security.”
The Agricultural Linked Deposit Program is “a testament to our commitment to support the backbone of our economy and preserve Oklahoma’s agricultural heritage for generations to come,” Russ said.
Qualified applicants include Oklahoma- based farms and businesses that produce, process, or market 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.