FOOD AND AGRICULTURAL POLICY RESEARCH INSTITUTE.

SEC. 10805. FOOD AND AGRICULTURAL POLICY RESEARCH INSTITUTE. (a) Authority.—The Secretary of Agriculture may award grants to the Food and Agricultural Policy Research Institute for the purpose of funding prospective, independent research on the effects of alternative domestic, foreign, and trade policies, on the agricultural sector, including research on the effects of those policies on— (1) commodity prices for- (A) feed; and (B) food grains, oilseeds, cotton, livestock, and products thereof; (2) supply and demand conditions for similar products; (3) costs to the Federal Government; (4) farm income; (5) food costs; (6) the volume and value of trade in agricultural commodities; and (7) exporter and importer supply, demand, and trade. (b) Authorization of Appropriations.—There is authorized to be appropriated to carry out this sectio:. $6,000,000 for each of fiscal years 2003 through 2007.