Alternative Agricultural Research and Commercialization Corporation
As authorized by the 1990
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repealed the authority for AARCC in the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 (PDF). Congressional Research Service.
