FFA Chapter "Beefs Up" Its Investments
Students at Crestwood High School FFA are making a 20 thousand dollar investment in a soon to be opened beef processing facility near Lime Springs in North Iowa. They're using some of the 90 thousand dollars they had in the bank after selling some land a few years ago. Initially the FFA chapter was unable to take advantage of the opportunity because state law did not allow investment of taxpayer money in a private enterprise. State lawmakers assisted the group in introducing the Entrepreneurial Funds for Student Organizations and Clubs Act. The law allows school groups to create an entrepreneurial account to invest in ventures like Lime Springs Beef LLC. They'll use the money they earn for scholarships and they're learning business skills in the process.