OKLAHOMA

Terry Peach, Commissioner
Oklahoma Department of Agriculture
P.O. Box 528804
Oklahoma City, OK 73152
(405) 522-5719
FAX (405) 522-0909
tpeach@oda.state.ok.us

Agriculture Linked Deposit Program
Kathy Erhard (405) 522-4235
“At risk” and “alternative enterprise” borrowers

Joint program with the State Treasurer’s Program; the Treasurer’s Office invests funds in financial institutions at 300 basis points under market rates. The institution then lends funds to qualified borrowers, resulting in rates reduced by 300 to 500 basis points.

Beginning Farmer Loan Program
For beginning farmers with a net worth of less than $200,000. Avaliable to individuals who have had no substantial ownership interest in farmland. Items that can be financed include agricultural land, agricultural improvements, depreciable agricultural property such as new and used equipment and breeding stock. Loans can be made up to a maximum of $250,000 with no minimum amount. Loans can be made for this program with lenders or contract-for-deed sellers.

Choose another state ...