Scholarships for Current and Incoming Transfer Students

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Application period: December 1 through February 1. Online Application for all Departmental Scholarships.

Note: One completed application form is all that is needed to apply for any or all departmental scholarships. The on line application form link can be found at the end of the list/description of departmental scholarships. A separate application form must be completed for the Ag Business Club scholarships and the link for that form can be found at the end of the list of Club scholarships. A separate application form as noted below must be completed for organization-sponsored or college-sponsored scholarships.

Agribusiness Education

Amount: $500.00

This education account was set up specifically to provide scholarships to undergraduate students majoring in the Agricultural Business curriculum in the Department of Economics.

Selection Criteria:

Required: Agricultural Business major.

Alexander (Terry) Economics Study Abroad

Amount: $1000.00

Stephanie Randall is a 2011 ISU Econ graduate. This scholarship is being offered as an expression of gratitude by her family for Stephanie’s outstanding experiences while at ISU. Stephanie had an interest in foreign study and spoke several languages. This scholarship is intended to recognize the importance of understanding cultural diversity and interdependence on a global scale while supporting students participating in study abroad programs.

Selection Criteria:

Required: Econ major. Financial need. Study abroad participation, preference to semester-long (or longer) activities.

Allbaugh (Leland & Cora)

Amount: $500.00

Leland Allbaugh received his BS degree in Farm Management in 1918 and his MS degree in Agricultural Economics in 1928 from Iowa State. He began employment at Iowa State in 1918 as an Agricultural Extension Specialist in farm management helping farmers form business and credit associations. He also worked with the Farm Security Administration in the early 1940's. In 1969, he received ISU's Distinguished Alumni Award. Mr. Allbaugh passed away on April 18, 1991.

Selection Criteria:

Required: Ag Business major. Academic excellence. Financial need. Only offered even-numbered years.

Bader Rutter Scholarship

Amount: $1000.00

The Donor is establishing this account to support students studying Agricultural Business in the Department of Economics through the College of Agriculture and Life Sciences.

Selection Criteria:

Required: Agricultural Business major. 3.0 min. GPA.

Preferred: Students minoring in communications or general business.

Beneke (Raymond and Marjorie) Junior Ag Business Excellence

Amount: $4,000.00

Raymond R. Beneke (1919-2005) was born on the family farm near Laurens, in rural Pocahontas County, Iowa. He graduated from Iowa State College in 1940. After teaching high school and serving in the U.S. Army, Beneke undertook graduate studies in agricultural economics at Iowa State in 1945. He continued his graduate work at the University of Minnesota where he received a Ph.D. in agricultural economics in 1949. Dr. Beneke joined the Department of Economics in 1948 and served on the faculty of Iowa State University for more than 40 years. He served as the Economics Department's Chair from 1973 until 1984, and became a professor emeritus in 1992. In the early years of Dr. Beneke's career, he provided leadership in the development of the Economics Department's agricultural business program. In 1968, he received the Distinguished Undergraduate Teaching Award from the American Agricultural Economics Association (AAEA). He received a faculty citation from the ISU Alumni Association in 1975. He served as Secretary/Treasurer of the AAEA from 1985 until 1996 and was named a Fellow in 1996. Dr. Beneke was a strong supporter of international programs, especially poverty relief programs. Dr. Beneke had summer assignments in Peru and Mexico in the 1960s and in Peru and Zambia during the 1980s and early 1990s.

Professor Beneke also put a premium on excellence in teaching and advising students. He played an influential role in the professional lives of many students.

Selection Criteria:

Required: Ag Business major; junior classification. Academic excellence.
Preferred: Interested in participating in international programs and/or professional meetings and/or research projects.

Bisenius, (Marcia F. and Donald J.) Scholarship

Amount: $2,000.00

The donor is establishing this account to support students majoring in Finance, Economics (non-agricultural), or Business Economics.

Selection Criteria:

Required: Finance, Econ or Business Econ major. Iowa resident.

Preferred: Financial Need

Note: To apply for this scholarship, Business Econ students must apply through the College of Business Application https://apps.bus.iastate.edu/scholarships/; Econ students apply through the LAS Scholarship website http://las.iastate.edu/students/scholarships/.

Davey (Harold W.) Memorial

Amount: $500.00

Harold W. Davey was born in Syracuse, New York in 1915. He received a BA degree (1936) in Economics from Syracuse University and an MA degree (1938) and a Ph.D. degree (1939) in Economics from Harvard University. Professor Davey joined the ISU faculty in 1948 where he worked until he retired in 1977. Professor Davey was a distinguished scholar in labor economics. His text Contemporary Collective Bargaining was widely adopted and he was an arbitrator in numerous arbitration cases. In 1970, he received an Outstanding Teacher Award. He died at his home in Ames on April 19, 1986.

Selection Criteria:

Required: Academic excellence.
Preferred: Interest in labor economics.

Deiter (Mark A.) Memorial

Amount: $750.00

Mark A. Deiter was born in 1967 and died due to an apparent arrhythmia at the young age of 22 in 1989. Mark is the late brother of Ron Deiter who has worked in the ISU undergraduate Ag Business program for many years. Mark was an avid outdoorsman who loved to hunt and fish. He had plans to continue his education and to take over the family farm located in southwest Wisconsin (located about 10 miles south of Platteville) where dairy, beef, and swine were the main enterprises. Funds for this scholarship are provided by Mark’s immediate family members as well as friends of the family.

Selection Criteria:

Required: Winner of the Ag Business Club’s Outstanding Freshmen Member Award (2.5 minimum GPA, demonstrated leadership)
Preferred: Ag Business Club activities.
Note: To apply for this scholarship, you must fill out an Ag Business Club scholarship application or Outstanding Ag Business Club Member Award application form for freshmen.

Estensen (Matthew) Memorial

Amount: $500.00

Matthew Estensen, the late son of Glenn and Kay Estensen, grew up with his brother Christopher and sister Mindy in Newark, Illinois, a small farming community 65 smiles southwest of Chicago. Matthew received a two-year degree in Ag Business from Joliet Junior College in 1998. He transferred to Iowa State University and graduated with a B.S. degree in Ag Business in May of 2000. While at ISU, he was active in the Ag Business Club and served as treasurer. Matthew worked for Nutrena Feeds within Cargill Inc. after graduating. Matthew was an avid outdoors person who loved to hunt, fish, camp, golf, bike, etc. Still, his greatest love was serving the Lord. At the young age of 23, Matthew was the innocent victim of a car accident in September of 2001 in Iowa City. Funds for this scholarship are provided by Matthew’s family members and friends.

Selection Criteria:

Required: Ag Bus major. Minimum 3.0 GPA.
Preferred: Leadership record, activities in the Ag Business Club, transfer students.

Farm Credit Services of America Scholarship

Amount: $2,500.00

Selection Criteria:

Required: Major in the College of Agriculture and Life Science or College of Business. Junior classification. Iowa background.  Our department is entitled to forward 12 applications for further consideration. Scholarship applications are available on the Farm Credit Services of America website.  Due March 15th in 174 Heady Hall.

Farmers National Company

Amount: $1,000.00

Farmers National Company, with headquarters in Omaha, Nebraska, is the nation's largest employee-owned agricultural landowner services company. From its early beginnings, the company has expanded both in its geographic reach, as well as the diversity of services offered to include farm management, real estate sales, appraisals, insurance, consulting, commodity marketing, oil and gas management, mapping and conservation, and recreational services, Farmers National Company handles landowner needs for their farm assets above or below ground in over 20 states. The company's vision is "Providing solutions through premier services to enhance enjoyment and profitability for America's landowners, one client at a time, since 1929."

Selection Criteria:

Required: Ag Business major. Junior classification. Minimum 2.5 GPA.
Preferred: Leadership record, career interest in farm management.

Fedosa (Dennis) Agricredit

Amount: $1,500.00

Dennis Fedosa has devoted his full career to the agricultural equipment leasing business, and is the business mind and entrepreneur behind Agricredit, a flourishing subsidiary of De Lage Landen, a global vendor financing company. For over 40 years, Dennis Fedosa has creatively developed financial products and services for the agricultural and food equipment markets. Dennis has secured a primary market position for Agricredit, built a world-class team, and partnered with an impressive array of marquis vendors and their dealers. To honor Dennis' hard work, and his particular dedication developing talent and encouraging continuous education, De Lage Landen offers this scholarship in his name. Through this scholarship, it is their intention to encourage and enable future agriculture business visionaries, who will hopefully mirror Dennis' intellect, drive, integrity and creativity.

Selection Criteria:

Required: Sophomore, junior, or senior majoring in Agricultural Business, cumulative GPA of at least 3.0 on a 4.0 scale.
Preferred: Interest in agricultural equipment manufacture, agricultural markets and distribution or agricultural finance.

Funke (Dean M.)

Amount: $500.00

Dean Funke, the late son of David and Jan Funke, grew up with his brothers Doug and Dan and his sisters Debra and Dawn on a 240-acre dairy and hog operation near Dyersville, Iowa. He attended Beckman High School in Dyersville where he was active in sports and academics. As a college freshman, he attended St. Ambrose University in Davenport on a football scholarship. After his freshman year, he transferred to Iowa State University where he was active in the Ag Business Club and served as treasurer. He graduated from ISU in August 2001 with a double major in Ag Business and Accounting and took a position with the Ernst & Young Accounting Firm in Des Moines as an auditor. Dean, at the young age of 23, was the innocent victim of an alcohol-related car accident in December 2001 as he was driving back to Des Moines from Ames after watching a Cyclone vs Hawkeye basketball game with some friends. Funds for this scholarship are provided by Dean

Selection Criteria:

Required: Ag Business major. Minimum 2.5 GPA. Leadership record with preference given to Ag Business Club activities. No prior convictions for alcohol-related or drug-related offenses.
Preferred: Finance career interests.

Futrell (Gene A.) Memorial

Amount: $500.00

The late Gene A. Futrell was a long-time faculty member in the Department of Economics at Iowa State University from 1964 to 1991. He died at the age of 62 due to Lou Gehrig’s disease. He was born in Carlisle, Iowa and raised on a farm near Cedar Falls. All of his college degrees were in agricultural economics including B.S (ISU, 1951), M.S. (ISU, 1957), and Ph.D. (Ohio State, 1964). He served in the U.S. Marine Corps during 1952-1953. Dr. Futrell was a nationally recognized livestock marketing extension specialist who had a special interest in helping both undergraduate and graduate students understand the functioning of the U.S. agricultural marketing system. Marketing for Farmers was one of two books he published on agricultural marketing topics. He received the ISU Outstanding Educator Award in 1978, the ISU Faculty Citation in 1984, and the university’s Distinguished Service Award in Extension in 1983. He had a real interest in Cyclone athletics as evidenced by his membership on the ISU Athletic Council, 1977-82 and 1988-91. Dr. Futrell was an outstanding human being whom everyone liked. Funds for this scholarship are provided by his widow Lucy.

Selection Criteria:

Required: Ag Business or Econ major. Academic excellence. Leadership record/extracurricular accomplishments.
Preferred: Academic/career interests in agricultural marketing.

Greig (Jeffrey and Jill)

Amount: $500.00

Jeffrey J. Greig graduated from ISU with an M.S. degree in Economics in 1987. He currently lives in the Kansas City area and does work in the energy consulting business.

Selection Criteria:

Required: Enrolled in the Economics Department, College of Liberal Arts and Sciences.
Preferred: Iowa resident.

Guy (John L.)

Amount: $500.00

The Donor is establishing this account to support students studying Agricultural Business in the Department of Economics through the College of Agriculture and Life Sciences.

Selection Criteria:

Required: Agricultural Business major. 3.0 min. GPA. Junior or Senior class standing.

Iowa Chapter of the American Association of Farm Managers & Rural Appraisers Scholarship

Amount: $1,250.00

Selection Criteria:

Required: Major in the College of Agriculture. Junior classification. Iowa background. Career interest related to farm management and rural appraisal. Our department is entitled to forward two applications to the Iowa Chapter of the AAFMRA for further consideration. Scholarship Interviews will be conducted. Winners will be notified following the interviews. Scholarship winners are expected to attend the chapter's spring banquet.

Application is by invitation only, fall deadline TBA.

Jack (Clarence)

Amount: $500.00

Selection Criteria:

Required: Ag Business major. Sophomore, Junior, or Senior classification. Academic excellence. Leadership record.
Preferred: Interest in farm management.

Knudson (Donald L. and Laurel L.)

Amount: $1,000.00

The Donor, along with her family are establishing this scholarship in memory of her husband and their father, Donald L. Knudson, who was a 1943 graduate of Agricultural Economics. Donald L. Knudson's educational experience and the relationships he developed while a student played a significant role in his professional career. The donors wish to enable similar opportunities for students by providing this scholarship.

Selection Criteria:

Required Major in Agricultural Business, cumulative grade point average of 2.7 or above on a 4.0 scale, financial need, Sophomore or above class standing.
Preferred: First preference to a student from the State of South Dakota; second preference to a student from the State of Iowa.

Kolmer (Lee)

Amount: $500.00

Dr. Lee R. Kolmer served as Dean of the College of Agriculture at Iowa State University from 1973 until 1987, a period marked by significant additions to the college's physical plant, including construction of the Agronomy Building addition, the ISU Meat Lab, the Seed Science Center and the Horticulture building. After earning his bachelor's degree from Southern Illinois University Carbondale, Dr. Kolmer attended Iowa State University and earned his MS and PhD in Agricultural Economics in 1952 and 1954 respectively. He is the 1997 recipient of the ISU Alumni Association Faculty Citation for outstanding and inspiring service on the university faculty. Dr. Kolmer chose to establish this scholarship to enhance the economic education of Iowa State University students.

Selection Criteria:

Required: Pursuing a degree offered by the Department of Economics, a graduate of an Iowa high school, outstanding academic record, as determined by the Department Chair.
Preferred: Interest in international agriculture, as determined by the Department Chair.

Vanderlinden (Harold Spencer)

Amount: $500.00

Harold Spencer (Spence) Vanderlinden was born in Ames in 1922. He received a B.S. degree from Iowa State University in 1950 with a major in Industrial Economics. World War II service had temporarily interrupted his education. He was a member of the Sigma Nu fraternity at ISU. In 1951, he became the manager of the Farm Service Co-op in Harlan, Iowa and worked in this position for 30 years. He was killed in a car accident 10 days after he retired in 1981. Spence was a community leader and was active in the chamber of commerce, his church, Kiwannis, scouts, and numerous boards including the Omaha Bank for Cooperatives board and the Iowa Governor.

Selection Criteria:

Required: Ag Business major. Junior or Senior classification. Academic excellence (3.00 minimum GPA). Financial need.

Wikner (Scott David) Memorial

Amount: $500.00

Ivan and Genevieve Wikner have established this scholarship in memory of their son, Scott David Wikner. Scott was a 1986 ISU graduate majoring in Accounting.

Selection Criteria:

Required: Ag Bus major, demonstrated leadership by participation in the Ag Business Club, minimum GPA of 3.0.
Preferred: 1st preference for residents of the following counties: Adair, Boone, Dallas, Greene, Grundy, Guthrie, Hamilton, Hardin, Jasper, Madison, Mahaska, Marion, Marshall, Polk, Poweshiek, Story, Tama, Warren, or Webster. 2nd preference is financial need.


Online Application for all Departmental Scholarships