ALGONA – Iowa State University Extension in Kossuth County received a $1,000 Working Here Fund grant for a financial management training course for beginning farmers.

The grant is provided through Farm Credit Services of America.

The training for beginning farmers will develop and maintain young farmer peer groups that will learn to prepare accurate financial statements and indicators, discuss the implications of those statements and indicators with their lenders and farming partners and to make financial management decision that will help them achieve a satisfactory balance of financial progress and risk.

“The focus of this grant will be on the emerging crisis of identifying and assisting the next generation of farmers to be successful,” said Faye Schluter, Kossuth County adult educator. “The goal is to develop and maintain peer groups directed at sharing additional resources and workshops for specific skills and information to strengthen their knowledge and chances of success.”

Angela Vaughan, vice president of retail operations at FCSAmerica’s Emmetsburg office, said, “We are passionate about supporting young and beginning producers.

“Iowa State University Extension Kossuth County is one of the many groups working to ensure the continued strength of rural communities.”

Kossuth County Extension is one of 108 organizations to receive a Working Here Fund grant in the second quarter of 2016.

FCSAmerica awarded $165,855 during the latest grant cycle ending June 30.