Financial Literacy Impact for Agricultural Workers in North Dakota
GrantID: 14102
Grant Funding Amount Low: $5,000
Deadline: Ongoing
Grant Amount High: $40,000
Summary
Grant Overview
North Dakota's Agricultural Workers and Financial Literacy
Targeting Critical Outcomes in Financial Literacy
North Dakota's economy is heavily reliant on agriculture, with a significant portion of the population engaged in farming and related industries. However, many agricultural workers experience seasonal income fluctuations and may lack fundamental financial literacy skills. Establishing programs specifically aimed at enhancing financial management during the harvest season is essential for ensuring these workers can effectively navigate the economic ups and downs associated with agricultural work.
Why Financial Literacy Matters for Agricultural Workers
Understanding financial principles can have a direct impact on the well-being of agricultural families, particularly with their unique income patterns. Improved financial decision-making leads to better planning for income cycles, fostering financial resilience among agricultural households. This is especially critical in North Dakota, where the reliance on a single crop can significantly impact financial stability for entire families and communities.
Implementation Approaches for North Dakota
Programs supported by the grant will focus on educating agricultural workers about managing their earnings effectively, especially during peak harvest times. Using culturally relevant materials and local experts to deliver workshops, these initiatives can address specific needs, such as managing expenses during the off-season and planning for emergencies. This tailored approach can equip workers with the tools needed to stabilize their finances and plan for the future, ultimately benefiting the agricultural economy of North Dakota as a whole.
Eligible Regions
Interests
Eligible Requirements
