Since Illinois State Treasurer Michael Frerichs took office in 2015, the Ag Invest program has lent over $1 billion to farmers to modernize their farm or purchase land. 

That’s a big chunk of money for eight years. In its 40 year history, the program has lent over $5 billion. 

Frerichs adds that agriculture isn’t cheap to produce. 

For a longer term loan, Frerichs says that you can borrow up to $800,000 for your farm. 

There are annual loan options with the Illinois Ag Invest program, too. 

Frerichs wants to remind youth to submit their photo to the Cream of the Crop Photo Contest by June 12th. 

Learn more at illinoistreasurer.gov. Frerichs appeared as a guest on the WTIM Morning Show.