INITIATIVE FOR FUTURE AGRICULTURE AND FOOD SYSTEMS.

SEC. 7205. INITIATIVE FOR FUTURE AGRICULTURE AND FOOD SYSTEMS. (a) Funding.—Section 401(b) of the Agricultural Research, Extension, and Education Reform Act of 1998 (7 U.S.C. 7621(b)) is amended— (1) in paragraph (1), by striking “2002” and inserting “2001”; and (2) by adding at the end the following: “(3) Other funding.—Out of funds in the Commodity Credit Corporation, the Secretary shall transfer to the Account— “(A) on October 1, 2003, $120,000,000; “(B) on October 1, 2004, $140,000,000; “(C) on October 1, 2005, $160,000,000; and “(D) on October 1, 2006, and each October 1 thereafter, $200,000,000”. (2) by amending subsection (c)(1) to read as follows: “(1) Critical emerging agricultural and rural issues.—The Secretary shall use the funds in the Account for research, extension, and education grants (referred to in this section as ‘grants”) to address critical emerging agricultural and rural issues related to— “(A) future food production; “(B) environmental quality and natural resource management; “(C) farm income; or “(D) rural economic and business and community development policy.”; and (3) in subsection (e)(i), by striking “small and mid-sized” and inserting “small, mid-sized, and minority-serving”.