Alternative Agricultural Research and Commercialization Corporation

Alternative Agricultural Research and Commercialization Corporation Type: Government corporations Parent organization: United States Department of Agriculture Employees: Not available (organization no longer exists) Executive: President (position no longer active) Budget: Discontinued (last operational budget not publicly detailed) Address: None (organization defunct) Website: None (organization defunct) Creation Legislation: [[Farm Bill of 1990 (P.L. 101-624); authority repealed in Farm Security and Rural Investment Act of 2002 (P.L. 107-171)]] Wikipedia: Alternative Agricultural Research and Commercialization Corporation

Alternative Agricultural Research and Commercialization Corporation [] This map created from a Cargo query ()

Mission AARCC was established to invest in small businesses for developing and commercializing new nonfood agricultural and forestry products, aiming to enhance agricultural diversification and economic value. Its mission was to foster innovation in agriculture by bridging the gap between research and commercialization.

Services Venture capital for agricultural innovation; research commercialization

Regulations Not applicable (organization no longer exists)

As authorized by the 1990 farm bill (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 to be a public venture capital 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 Congress repealed the authority for AARCC in the 2002 farm bill (P.L. 107-171, Sec. 6201).

References

•  This article incorporates public domain material from Jasper Womach, Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, Congressional Research Service, http://ncseonline.org/nle/crsreports/05jun/97-905.pdf