116 3rd St SE
Cedar Rapids, Iowa 52401
Grassley wants FFA coins
Michael Chevy Castranova
Jun. 28, 2011 10:57 am
U.S. Sen. Chuck Grassley has introduced legislation to allow the minting of coins to commemorate the National Future Farmers of America (FFA) in 2014, in conjunction with the organization's 85
th
anniversary.
Grassley said the FFA is part of the fabric of rural life and has proven its value in fostering excellence and achievement by young people nationwide. “The strong values and work ethic that are part of the tradition and thrive today in rural America are reflected by this organization, and these coins would honor the positive difference that FFA has made in the lives of young Americans, to the benefit of all Americans,” he said.
The commemorative coin legislation would require the U.S. Mint to issue 100,000 gold coins and 500,000 silver coins. After all operational and program costs incurred by the Treasury are recovered, then funds raised from the sale of coins would go to the National Future Farmers of American Foundation. As a result, there are no costs to the taxpayer. The FFA foundation would use its proceeds to enhance and expand FFA programs that develop leadership skills, encourage personal growth and foster career success through agricultural education.