Financial

Ag Lenders Seminars 2025

Registration is now OPEN for the 2025 Ag Lender Seminars by OSU Extension.

A great lineup of speakers, professional development, and networking.  Please check out the 2025 Featured Speakers, Agendas, and Registration pages for more details.  Time of day for Seminars is 9 am to 3 pm. Dates and location addresses are listed on each site-specific agenda and provided here:

October 14 – Ottawa, OH -Putnam County Educational Service Center, 124 Putnam Pkwy, Ottawa, OH  45875

October 16 – Urbana, OH -Champaign Co Community Center Auditorium, 1512 U.S. Hwy 68, Urbana, OH 43078

October 16 – Washington CH, OH -Fayette County Extension Office, 1415 US Hwy. 22 SW, Washington Court House, OH 43160

October 21 – Wooster, OH – OSU CFAES Fisher Auditorium, 1680 Madison Ave., Wooster, OH  44691

More details at: https://u.osu.edu/aglenderseminars/

Ohio Farmland Leasing Webinar – August 15

We have planned the upcoming Ohio Farmland Leasing Update Webinar to address key issues and to share the latest data and outlook information on farm leasing issues.

Farmland owners, farmers, and others working in the field of agriculture can benefit from this Special Edition of Farm Office Live.

It is being held on Friday, August 15th, from 10 to noon via Zoom.

To register, visit: https://farmoffice.osu.edu/farmofficelive

Flyer  Ohio Farmland Leasing Webinar 2025

SBA Relief Still Available to Ohio Small Businesses and Private Nonprofits Affected by September Drought

Deadline to apply for economic injury loans approaching

ATLANTA—The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Ohio of the June 2 deadline to apply for low-interest federal disaster loans to offset economic losses caused by the drought beginning Sept. 24, 2024.
The disaster declaration covers the Ohio counties of Adams, Brown, Butler, Clermont, Clinton, Coshocton, Guernsey, Hamilton, Highland, Holmes, Knox, Licking, Montgomery, Muskingum, Pike, Preble, Scioto, Tuscarawas and Warren and Dearborn, Franklin, and Union in Indiana as well as Boone, Bracken, Campbell, Kenton, Lewis, Mason, and Pendleton in Kentucky.

Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

EIDLs are available for working capital needs caused by the disaster, even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

To apply online, visit sba.gov/disaster. For more information on SBA, applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov.

Farm Office Live

OSU Extension will offer a Farm Office Live webinar on Friday, April 25, at 10:00 a.m. Farm Office Live is a monthly webinar of updates and outlooks on legal, economic, and farm management issues that affect Ohio agriculture.

Our featured guest this month is Dr. Margaret Jodlowski, Assistant Professor in the Department of Agricultural, Environmental, and Development Economics, who will discuss farm labor issues with us.  Our remaining agenda features the Farm Office team addressing these topics:

  • Strategies for Developing the Next Leader of Your Farm Operation – David Marrison, Farm Management Field Specialist
  • Crop Profit Outlook – Barry Ward, Production Business Management Leader
  • Farm Business Analysis Update – Clint Schroeder, Farm Business Analysis Program Manager
  • State and Federal Legislative Update – Peggy Hall, Agricultural & Resource Law Program Director
  • New Laws: Paystub Protection Act and Operation of Drones – Jeff Lewis, Agricultural & Resource Law/Tax Schools Attorney
  • Tax Update: Are Avian Flu Indemnifications Exempt? – Barry Ward and Jeff Lewis
  • Upcoming Events and Deadlines – David Marrison

Join in for this free webinar by registering at farmoffice.osu.edu/farmofficelive, where replays of previous webinars are also available.

OSU Extension offering virtual Farm Transition and Estate Planning Course in February

If you and your family are grappling with the critical issue of transitioning farm operations and farm assets to the next generation, OSU Extension is here to help. Producers are encouraged to attend a four-evening virtual “Planning for the Future of Your Farm” workshop on February 3, 10, 17, and 24, 2025, from 6:30 to 8:00 p.m. via Zoom.

This workshop challenges farm families to actively plan for the future of the farm business. Learn how to have crucial conversations about your farm’s future and better understand the strategies and tools that can help you transfer your ffarm’sownership, management, and assets to the next generation. We encourage parents, children, and grandchildren to attend together to develop a plan for the future of the family and farm. The teaching faculty for the workshop are David Marrison, an OSU Extension Farm Management Field Specialist, and Robert Moore, an attorney for the OSU Agricultural & Resource Law Program.

Pre-registration is required so that a packet of program materials can be mailed to participating families in advance. Electronic copies of the course materials will also be available to all participants. The registration fee is $99 per farm family. Register by January 24, 2025, to receive course materials in time. Register at go.osu.edu/successionregistration. If you have questions about the workshop, do not hesitate to contact David Marrison at marrison.2@osu.edu or 740-722-6073.