As authorized by the 1990

farm bill In the United States, the farm bill is the primary agricultural and food policy instrument of the federal government. Every five years, Congress deals with the renewal and revision of the comprehensive omnibus bill. Johnson, R. and Monke, J. (8 ...

(P.L. 101-624), the Alternative Agricultural Research and Commercialization Corporation (AARCC) was originally established as the Applied Agricultural Research Commercialization Center in the

USDA The United States Department of Agriculture (USDA) is the federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of com ...

to be a public

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

agency that would invest in small businesses to help them develop and commercialize new nonfood products from agricultural and forestry commodities. The 1996 farm bill (P.L. 104-127) changed the Center from a government agency to a wholly owned venture capital corporation of USDA.

Congress A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of a ...

repealed the authority for AARCC in the 2002 farm bill (P.L. 107-171, Sec. 6201).

References

* {{DEFAULTSORT:Alternative Agricultural Research And Commercialization Corporation United States Department of Agriculture agencies United States Department of Agriculture programs