Frequently Asked Questions | Ag Invest

Find answers to common questions about Ag Invest loan limits, repayment terms, lender participation, and interest rate requirements. The Ag Invest program offers affordable financing to Illinois farmers, and agriculture professionals have two options: Ag Invest Agriculture Operating Lines of Credit and Long-Term Ag & Value Added Ag.

How does the program work?

No. Ag Invest does not guarantee the loan. Your lender still reviews and approves the loan application.

How much can I borrow?

That depends on the loan type:

• Agriculture Operating Line of Credit: up to $600,000
• Long-Term Ag / Value Added Ag: up to $800,000 per borrower per calendar year
• Projects over $800,000: reviewed individually

When do I have to pay back the loan?

• Operating Line of Credit: 1 year or 2 years
• Long-Term Ag: 3 years, with a possible 2-year extension
• Value Added Ag: may be extended up to 9 years total

What is the interest rate limit?

During the Treasurer’s participation in the loan, the interest rate may not exceed the related deposit rate by more than 2.75 percent. Current deposit rates are available at illinoistreasurer.gov.

Which lenders can participate?

More than 400 financial institutions are eligible to participate in the Treasurer’s Invest in Illinois programs.

What if my lender is not familiar with Ag Invest?

If your lender does not participate or has questions about the program, contact the Treasurer’s Office for more information.

What is the current list of participating depositories for Ag Invest?

The financial institutions listed below participate in Ag Invest, the Illinois State Treasurer’s loan program for farmers and agribusinesses. Available loan funds may vary by lender, and some may serve a wider area than what is listed here. Reach out to the lender directly to learn about current loan availability, eligibility, and whether they serve your area.