2002 Annual Report

Farm Foundation M i s s i o n

Farm Foundation's mission is to improve the economic and social well - being of

U.S. agriculture, the food system, and rural communities by serving as a catalyst to assist private and public sector decision makers in identifying and understanding forces that will shape the future.

A Catalyst for Agriculture and Rural America Table of Contents

Message from the Chairman and President 2 Staff Activities 16

Strategic Vision 3 Foundation Leadership 17

Priority Areas Bennett Agricultural Round Table 18

Consumer Issues 4 Farm Foundation Contributors 21

Environmental and 6 Financial Highlights 22 Natural Resource Issues Publications and Ele c t r onic Res o u rc e s 23 Globalization 8

New Technologies 10

Role of Agricultural Institutions 12

Rural Community Viability 14

1 II nn vv ee s s t t i i n n g g i n tt h h e e F F uu tt uu rr ee Dr. Ronald D. Knutson Dr. Walter J. Armbruster Chairman President

Farm Foundation invests in the future of Change will continue. Farm Foundation is dedicated ag r i c u l t u r e, the food system and rural communities. to serving a diverse and changing food system, and For the last sixty-nine years, Farm Foundation’s the people and communities of rural America, by financial and human resources have focused on helping increase understanding of the numerous actions to improve the economic and social well- forces that will shape the future. Globalization, being of U.S. agriculture and rural people. In new technologies, and environmental pressures are recent years, we have invested approximately $1.5 but a few of these. In the process of change, many million annually in programs and prov i d e d government and program options will surface-the l e a d e rship and encouragement to hundreds of consequences of which will need to be thoroughly in d i v i d u a l s and institutions related to agriculture. analyzed and understood. Our focus is to identify these forces and to engage industry, government, The twentieth century was a time of rapid change academic and community leaders to bring new for agriculture and rural America. The number of insights to help shape the future. farms dropped by more than 70 percent. The a verage size of farms increased over fourf o l d . This year, Farm Foundation will embark on its first Productivity gains were fueled by the initiatives of capital campaign to increase our endowment and progressive farmers adopting new technology and broaden our base of financial support. We want to management practices. In 1900, over half of assure that when Farm Foundation celebrates its America’s people lived on farms and in small 100th birthday, we are well prepared to serve towns. Today, rural residents are only 20 percent of agriculture, the food system and rural communities the population and farmers are less than two of 2033 with the same vitality that has characterized percent. In 1900, farm family incomes were only a our initiatives for three generations. This annual fraction of their urban counterparts. Today, there is report highlights Foundation activities of the past essentially no difference between farm and year and points to new initiatives that continue our non-farm household incomes. Yet, farm subsidies investment in the future of agriculture, the food and increased government regulation continue system and rural communities. to be major concerns of farmers, agribusinesses and consumers.

2 S t r a t e g i c V ii ss ii oo nn

Farm Fo u n d a t i o n’s Strategic Plan provides a Vision guiding vision to carry out our mission. The Plan Farm Foundation strives to be a widely recognized, identifies four broad Objectives and six subject- objective and respected catalyst to increase the matter Priority Areas for Foundation programs. p roductivity and competitiveness of U.S. The Plan is updated regularly so that our programs agriculture and improve the quality of life in rural continue to address current critical issues. America. We pursue our vision by focusing on the long-term perspective to promote understanding Program Objectives of relationships among natural resources, human Farm Foundation conferences, capital, technology, institutions and society. The seminars and workshops: Foundation is uniquely positioned to stimulate economic and social sciences research on emerging • Identify the forces of change topics, foster education programs drawing on those that will shape the future research results, and facilitate policy dialogue on • Stimulate research and education the public and private sector issues involved. that increase human capital • Foster informed dialogue to increase understanding of public issues and policies • Build knowledge-based networks for U.S. agriculture and rural people

Priority Areas Farm Foundation programs target: • Consumer Issues • Env i r onmental and Natural Res o u r ce Iss u e s • Globalization • New Technologies • The Role of Agricultural Institutions • Rural Community Viability and Leadership

3 ConsumerConsumer IssuesIssues

Nutrition, food safety, technological and During the past year we: demographic changes, and demands for conven i e n c e and other attributes in food products are changing Initiated a major effort to examine the costs and the way foods are produced, processed, marketed benefits of adapting identity preservation systems and accepted by consumers. Agriculture, agribusiness from farm to plate; and affiliated institutions, as well as related policy, are undergoing significant change. Worked with food industry analysts nationwide to explore emerging trends in the food retailing and Farm Foundation will focus its service industries; Consumer Issues programming to: Collaborated on two Washington, D.C., symposia Examine the ways consumer food consumption and a related congressional staff briefing on habits are influenced and changed by health prominent issues in developing the 2002 farm bill; concerns, food safety issues, and new technologies, and how information about consumers’ preferences C o s p o n s o red a congressional briefing on how get communicated to producers and throughout people in rural areas will fare under changes in the food supply chain; welfare programs and food assistance policies;

Analyze hunger, food security and poverty issues Partnered with the Southern Rural Development and their implications for society, agriculture, rural Center and USDA/Economic Research Service to communities and rural people; produce a series of reports on food assistance needs in the southern United States; Explore the way risk assessment is developed and used in food safety regulation and the impacts of Collaborated with Argonne National Laboratory, alternative regulatory approaches on production other federal agencies and the private sector in an a g r i c u l t u re, food processors, retailers and international conference on risk communications. consumers; and O ver 200 participants explored strategies for sharing new information and developing integrated Examine biotechnology and other efforts to approaches to solve environmental problems. produce foods that address specific health concerns and their impacts on production agriculture, the food supply chain and consumer well-being.

4 During the past year, Farm Foundation worked with food industry analysts nationwide to explore emerging trends in the food retailing and services industries. E n v i r onmental andand N a t u r a l R R e s o u r c e I s s u e s

Water quality and quantity, waste management, During the past year we: e n d a n g e red species and other re s o u rce issues directly affect us all. The tie between animal Produced a booklet for use in extension and other a g r i c u l t u re and environmental quality is an educational programs to improve understanding of ongoing concern. Chemical use, tillage practices the changing concept of property rights in society; and sustainability issues will demand continuing attention. The role of regulations and voluntary Su p p o rted a national conference on the ro l e s incentives to meet environmental objectives will and impacts of regulations in farmland protection continue to be a major policy challenge. programs;

Farm Foundation Programs: Worked with the Food and Agricultural Policy Research Institute (FAPRI) at the University of Examine the spectrum of relationships among food Missouri to develop an alternative methodology for and fiber production, environmental quality, calculating the expected impacts of the proposed sustainability of fragile ecosystems, and land CAFO regulations; use patterns; C o n vened a forum to showcase alternative Develop understanding of the changing concept of approaches to modeling agriculture and land use, public and private property in society as related to land use change, and fore s t ry activities that p roduction agriculture, natural re s o u rces and p re s e rve and sequester carbon and/or re d u c e environmental quality; and emissions of other greenhouse gases; and

Explore the consequences of alternative public and Collaborated with the American Farmland Trust private sector approaches to natural resource policy Center for Agriculture in the Environment to plan and regulation. a three-year project that will produce methodologies communities can use to determine what constitutes critical mass for agriculture in their region.

6 The consequences of alternative public and private sector approaches to natural resource policy and regulation need to be explored. GG ll oo bb aa ll ii zz aa tt ii oo nn

Trade agreements have significant implications for During the past year we: farmers, the food system, and rural communities. The impact of globalization is being accentuated Facilitated a workshop among U.S. and EU leaders by the restructuring of European, Mexican and in education, industry and government to reduce South American economies and by the emergence barriers to trade and business development; of robust economies in the Pacific Rim, Asia and parts of Africa. Agricultural enterprises must Led the development and dissemination of a adapt to trends and developments, adjusting their report on water scarcity problems in the Pacific goals and operating approaches. The issues of Rim countries; food supply/demand balances and food availability and access re q u i re increased attention in a Su p p o rted and participated in two re g i o n a l global economy. conferences which explored U.S. agricultural and trade policies and allowed producers to voice their Farm Foundation's opinions directly to policy makers; Globalization programming: Or g a n i zed a workshop for industry leaders, Explores the benefits and costs of international government analysts, and economists to assess the c o m m e rce in agricultural/food products on status and changing character of North American farmers, consumers, resources, agribusiness and agricultural trade; rural communities; Cosponsored a workshop for academic, industry A rticulates the longer-term policy, technology, and government agency re p re s e n t a t i ves fro m demographic, and resource challenges associated Canada, Mexico and the United States to explore with the evolving global food system; and the success in “keeping the borders open” while av oiding disrup t i v e disputes. Par ticipants concluded Evaluates the impact of U.S. and multinational that education based on available analyses could political institutions and economic policy on help create the necessary political commitment to international commerce in food, fiber and other move NAFTA forward; and natural resource products. Helped develop and maintain a website to facilitate policy discussions involving agricultural trade by providing easy access to current research reports and educational programs.

8 To ensure their position in the marketplace, agricultural enterprises must adapt to trends and developments, adjusting their goals and operating approaches for maximum effectiveness. N e w w T Tee cc hh nn oo ll oo gg ii ee ss

Biotechnology, information and an array of other During the past year we: technologies are sweeping through agriculture and the food system. The future of production Wo rked with universities and agricultural agriculture, agribusiness and rural people will be c o o p e r a t i ves to explore opportunities for profoundly affected by how well they adopt and collaboration on biotechnology research; adapt to these technological developments. While significant public and private resources are devoted Sponsored a workshop to help farm managers train e m p l oyees working with advanced pro d u c t i o n to expanding the frontiers of technology, less systems in animal agriculture; attention is paid to the significant economic and social implications of technological change. Pa rt n e red with the Kettering Foundation to develop a National Issues Forum™ program on Farm Foundation uses its genetically modified organisms in food; human and financial resources to: Collaborated with the National Policy Association Ex p l o re ways to measure and articulate the to examine controversial research and regulation economic and social benefits and costs associated issues related to genetically modified foods and with the adoption of new technologies, and the agricultural products; distribution of these benefits and costs among farmers, agribusiness, consumers and rural citizens; Cosponsored with USDA a national workshop on e-commerce in agriculture and the food system. Encourage informed dialogue on public policies Farm Foundation hosted the workshop website that impact the creation and adoption of new which registered over 660 direct visits during the technologies by agriculture and the food and fiber past six months; and sector; and Pa rt n e red with the Un i versity of California- Examine the trend toward privatization in funding Berkeley on a conference focused on economic and agricultural res e a r ch and its implications for farmers, s t ructural implications of intellectual pro p e rt y agribusiness, consumers, land-grant colleges of policy for agricultural research and development. agriculture and other agricultural institutions.

10 The future of production agriculture, agribusiness and rural people are being profoundly affected by how well they adopt and adapt to technological developments. R o l e e o f A g r i c u l t u r a l I n s t i t u t i o n s

A government-supported institutional structure distributed to national policymakers and utilized in of federal and state agencies, and the land-grant extension education programs throughout the universities are part of U.S. policy to assist the country. The companion website registered over agricultural sector. Many private organizations 2,300 direct visits during its first six months; h a ve evo l ved to serve agriculture and ru r a l communities. Enlightened leadership will be Supported The 2002 Farm Bill: U.S. Producer required if these institutions are to help agriculture Preferences for Agricultural, Food and Public Policy, a and rural communities adjust to globalization and survey which was developed by the National Public other forces of change. Continued public support Policy Education Committee. The re p o rt has for research and education will require focus on been widely utilized by policymakers, the media, priorities which have widespread import a n c e , extension specialists and researchers; broad benefit to society, and high impact on emerging problems and issues. Cosponsored a workshop on how to assess the impact of policy-oriented social science research to Farm Foundation will: provide tangible evidence of payoffs from public investments in it; Identify new institutional arrangements with the potential to serve agriculture and the food Conducted a workshop on the 2002 farm bill for system more effectively in today’s global and fast- the Council of State Governments in conjunction changing economy; with their Washington, D.C., annual conference;

Examine the role of the public sector in Co s p o n s o r ed a national workshop on opportu n i t i e s agricultural production, financing and marketing for farmer cooperatives to position themselves for institutions, and in research and education in success in the 21st century; today’s economy; and Funded and participated in an international Explore how agricultural policy institutions and workshop to foster global cooperation for the evolving private sector production and marketing improvement of higher education and research arrangements adapt to the changing policy and for agriculture; and social environment. Collaborated in a conference for Wa s h i n g t o n , During the past year we: D . C. - based policy analysts to increase their Pa rt n e red with the National Public Po l i c y k n owledge about the breadth of information Education Committee to produce The 2002 Farm resources available for their use. Bill: Policy Options and Consequences, which was

12 Continued public support for research and education requires focus on priorities which have widespread importance, broad benefit to society and high impact on emerging problems and issues. RR uu rr alal CommunityCommunity VV ii aa bb ii ll ii tt yy

Rural people and communities face a challenging During the past year we: future. Agriculture, agribusiness and the general public have a significant stake in assuring that Continued our sponsorship of a series of people living in rural areas have a satisfactory workshops on immigration and the changing face socioeconomic environment, quality education, of rural America and funded a national summary and access to communications technology and conference to bring these issues to the attention of good health care. These are critical issues requiring national media and policy makers; informed, innova t i ve leadership to cope with changing conditions and expectations. Supported a conference with the Land Tenure Center at the University of Wisconsin on minority Farm Foundation will: land ownership;

Improve dialogue among groups with a stake in the Sponsored development and dissemination of an viability of rural communities; agricultural mental health curriculum to train outreach workers and mental health providers who Encourage the development of leadership, work with the farm population; human capital and civic engagement within rural communities; Supported a series of educational leaflets on rural policy options for the southern states; Examine the demographic, economic and social changes occurring in rural America-particularly Worked with the Southern Rural Development the changing linkages between agriculture , Center to develop a database that prov i d e s agribusiness, environmental and resource policies, comprehensive employment information for 203 urban centers and rural communities; workforce areas in the South; and

Ex p l o re innova t i ve strategies and gove r n a n c e Initiated a process to develop new curricula to s t ru c t u res for rural communities and for the expand citizen invo l vement in local strategic delivery of essential services such as health care, planning activities. education and access to the Internet and other communications technologies; and

Identify the key elements of effective local, state and national rural policy.

14 Farm Foundation identifies the key elements of effective local, state and national rural policy. StaffStaff ActivitiesActivities

Farm Foundation is more than project funding. Dr. Armbruster also serves on the USDA’s Advisory We are an operating foundation. Staff participation Committee on Agricultural Statistics; USDA’s in Foundation-sponsored activities is a hallmark National Re s e a rch, Extension, Education and of our way of doing business. We take a proactive Economics Advisory Board; and Project Food, leadership role in developing many of the Land and People Advisory Board. Dr. Halbrook w o rkshops and conferences funded by the serves on the USDA’s Advisory Committee on Foundation. Farm Foundation staff also provide Digital Publications Pre s e rvation and the leadership to professional, agricultural and Professional Agricultural Wo rkers Confere n c e educational organizations whose missions coincide Advisory Board. with those of Farm Foundation. Current and past staff members have been widely recognized for During the past year, Foundation staff organized their professional leadership and industry contacts, a workshop for industry leaders, gove r n m e n t which in turn, provide significant leverage and analysts, and economists to assess the status and greater impact for Foundation programs. changing character of North American agricultural trade; led the development and dissemination of a Currently, Farm Foundation president Walter J. report through the Pacific Economic Cooperation Council on meeting the challenges of water scarci t y Armbruster serves as an officer or director of the p roblems in Pacific Rim countries; and International Association of Agricultural collaborated on several symposia and briefings for Economists; Council on Food, Agricultural and congressional staff, state government officials and Re s o u rce Economics; National Fa r m - C i t y the media on prominent farm policy issues. Council, Inc.; North Central Regional Center for Rural Development; National Policy Association’s Food and Agriculture Committee; Southern Rural Development Center; and the Pacific Economic C o u n c i l’s Pacific Food System Outlook. Vi c e president Steve A. Halbrook serves as a director of the American Agricultural Law Association, Southern Agricultural Economics Association and the Chicago Agricultural Economists’ Club.

16 FoundationFoundation LL ee aa dd ee rr ss hh ii pp

Officers Daniel M. Dooley H. J. Markley Dooley & Herr, LLP President, Agricultural Division, North America, Ronald D. Knutson, Chairman Visalia, CA Australia, Asia, and Global Tracking and Roderick N. Stacey,Vice Chairman Implement Sourcing Becky Doyle Walter J. Armbruster, President Deere & Company World Food Program Ste v e A. Hal b ro o k , Vice President and Se c re t a ry Moline, IL Rome, Italy Richard L. McConnell Charles Fischer Executive Committee President, Pioneer, A DuPont Company President & CEO Johnston, IA Roderick N. Stacey, Chairman Dow AgroSciences Ed Dickinson Indianapolis, IN Bobby D. Moser Daniel M. Dooley Vice President for Agricultural Administration Barry L. Flinchbaugh Allan R. Johnson The Ohio State University Extension State Leader, Agricultural Economics Ronald D. Knutson Columbus, OH Don Villwock Kansas State University Manhattan, KS Kenneth L. Peoples Chairman & CEO Richard L. Gady Board of Directors The Peoples Group, Ltd. Vice President of Public Affairs & Chief Arlington, VA Nicholas C. Babson Economist President and CEO ConAgra, Inc. Roderick N. Stacey Babson Holdings, Inc. Omaha, NE Partner Chicago, IL Verdant Partners Dan Glickman Capitola, CA William T. Boehm Akin, Gump, Strauss, Hauer & Feld, LLP Group Vice President of Logistics Washington, DC Robert Stallman The Kroger Company President George Hoffman Cincinnati, OH American Farm Bureau Federation President & CEO Park Ridge, IL Paul G. Brower Restaurant Services, Inc. Vice President-Corporate Relations Coral Gables, FL Steven G. Tate Gold Kist Inc. Tate Farms Allan R. Johnson Atlanta, GA Meridianville, AL Senior Consultant David L. Chicoine Achieva, Inc. Alan T. Tracy V.P. for Econ. Dev. and Corp. Relations Camdenton, MO President University of Illinois U.S. Wheat Associates Ronald D. Knutson Urbana, IL Washington, DC Regents Professor Drew R. Collier Texas A&M University Don Villwock Vice President-Mexico College Station, TX Villwock Farms Union Pacific Railroad Edwardsport, IN Victor L. Lechtenberg Omaha, NE Dean of Agriculture Sara R. Wyant Jeffrey A. Conrad Purdue University Vice President Managing Director West Lafayette, IN Farm Progress Companies Hancock Agricultural Investment Group Carol Stream, IL William J. Loughmiller Boston, MA Loughmiller, Inc. Ed Dickinson Twin Falls, ID Alex City, AL

17 BennettBennett AgriculturAgricultur aa ll RR o o u u n n d d T T aa bb ll ee

Farm Foundation’s Bennett Agricultural Round Programs are designed to ensure that a wide range Table is an invitational group of 140 agricultural of interests are represented and that informed and agribusiness leaders from across the nation. disagreements are welcomed. This exchange of The members include Farm Foundation Trustees. ideas fosters understanding of different approaches They meet semi-annually to provide a forum to problems, which ultimately leads to better for discussion among members and invited public policy through the other activities and agribusiness, agricultural, government, academic linkages of Round Table members. and other interest group leaders.

In June 2001, the Round Table met in Sun Valley, Steering Committee Idaho. The theme was “Local Impacts of National Richard C. Hahn, Chair Policies.” Topics discussed included conflicting demands for water, managing public land Nicholas C. Babson,Vice Chair resources, telecommunications for rural America Jay Armstrong and e-commerce and agriculture. Robert Boozer James A. Christenson In January 2002, the Round Table met in Coral Gables, Florida. The program theme was “Food Becky Doyle System Biosecurity, U.S. Agricultural Policy, and Gerald E. Hillier Cuban Trade.” Speakers addressed operational risk Martha Roberts management in the food system, biosecurity from Henry E. Rodegerdts farm to fork, the current realities of business with Cuba, potential impacts of incre a s e d Charles Stamp agricultural exports to Cuba and the politics of the Michael J. Stuart 2002 farm bill. Stephen R. Wright

18 Bennett Agricultural Round Table Members

Duane Acker Gale A. Buchanan Michael Espy Chip Hinton TALYCOED II, Atlantic, IA University of Georgia, Butler, Snow, O'Meara, Florida Strawberry Growers Assn., Athens, GA Stevens & Cannada, Jackson, MS Plant City, FL Earl Ainsworth Communications Solutions, Robert V. Call H. Richard Farr Stephen H. Hoefer Princeton, NJ My-T Acres, Inc., Batavia, NY Farr Feeders, Greeley, CO Agway Inc., Syracuse, NY JoAnn Alumbaugh Karla Chambers Kenneth R. Farrell George Hoffman Farm Progress Companies, Stahlbush Island Farms, Uni v ersity of California (Eme r i t u s ) , Restaurant Services, Inc., Urbandale, IA Corvallis, OR Walnut Creek, CA Coral Gables, FL Vincent Amanor-Boadu David L. Chicoine Charles Fischer Allan R. Johnson VentureLabour.com, University of Illinois, Urbana, IL Dow AgroSciences, Achieva, Inc., Camdenton, MO Guelph, Ont. Indianapolis, IN James A. Christenson Sheldon R. Jones Bruce Andrews University of Arizona, Tucson, AZ Barry L. Flinchbaugh Ar i z ona Dep a r tment of Agriculture, Andrews & Associates, Kansas State University, Phoenix, AZ Drew R. Collier Salem, OR Manhattan, KS Union Pacific Railroad, Ann Jorgensen Melvin D. Androus Omaha, NE John C. Foltz Farm Credit Administration, Yuba City, CA Columbus, OH McLean, VA Jeffrey A. Conrad Jay Armstrong Hancock Agricultural Investment Robert L. Foster John Kautz Armstrong Farms, Muscotah, KS Group, Boston, MA Foster Brothers Farm, Kautz Ironstone Vineyards, Weybridge, VT Lodi, CA Philip Ashcraft John C. Cottingham Stason Farms, Inc., Loveland, CO Agricultural Inv estment Assoc., Inc . , James G. Frevert Carol A. Keiser Wilmette, IL Hertz Farm Management, Inc., C-ARC Enterprises, Inc., Nicholas C. Babson Nevada, IA Champaign, IL Babson Holdings, Inc., John W. Creer Chicago, IL Farm Management Company, Richard L. Gady Alan Kemper Salt Lake City, UT ConAgra, Inc., Omaha, NE Kemper Farms, Lafayette, IN Varel G. Bailey Bailey Farms, Inc., Anita, IA Herbert (Hub) Daniel Dan Glickman Paul E. Kindinger Bay Branch Farms, Akin, Gump, Strauss, Hauer North American Equipment Gary H. Baise Claxton, GA & Feld, LLP,Washington, DC Dlrs Assn., Fenton, MO Baise & Miller, P.C., Washington, DC Mark L. Darrington Reg Gomes William F. Kirk Mark L. Darrington Farms, University of California, West Chester, PA Emmett Barker Declo, ID Oakland, CA Association of Equipment Dean Kleckner Manufacturers,Chicago, IL Ed Dickinson Connie Greig Agricultural & Int'l Trade Cons., Alex City, AL Little Acorn Ranch, Estherville, IA Des Moines, IA Sandra S. Batie Michigan State University, Daniel M. Dooley Larry L. Groce Ralph Knobel East Lansing, MI Dooley & Herr, LLP,Visalia, CA Bratney Companies, Knobel Farms, Inc., Des Moines, IA Fairbury, NE Frank L. Bauer Thomas C. Dorr Bulgarian-American Dorr's Pine Grove Farm Company, Richard C. Hahn Ronald D. Knutson Enterprise Fund, Chicago, IL Marcus, IA Farmers National Co., Texas A&M University, Omaha, NE College Station, TX Mogens Bay Becky Doyle Valmont Industries, Inc., World Food Program, Rome, Italy John Hardin Robert C. Lanphier Omaha, NE Hardin Farms, Agmed Inc., Springfield, IL Hiram Drache Danville, IN Keith D. Bjerke Fargo, ND Thayne Larson North Dakota State University, Keith Heffernan Bestifor Farms, Belleville, KS Richard A. Dudden Fargo, ND Iowa State University, Padley & Dudden P.C., Victor L. Lechtenberg Ames, IA William T. Boehm Ogallala, NE Purdue University, The Kroger Company, Milt Hertz West Lafayette, IN William H. Dunklin Cincinnati, OH Hertz Farms, Mott, ND W.H. Dunklin & Son, Inc., Patricia P. Leimbach Robert Boozer Dumas, AR Sonja Hillgren Hill The End o'Way,Vermillion, OH AgriFarm Industries, LLC, Farm Journal Publishing, Jack Eberspacher James R. Lerwick Dimmitt, TX Philadelphia, PA Agricultural Retailers Association, Lerwick Farms, Inc., Paul G. Brower Washington, DC Gerald E. Hillier Pine Bluffs, WY Gold Kist Inc., Atlanta, GA Public Land Users Services, Will Erwin Sharon Levinson Riverside, CA Erwin Farm, Bourbon, IN Levinson Associates, Scottsdale, AZ

19 Bennett Agricultural Round Table Members

Seeley G. Lodwick Ronald D. Offutt Roderick N. Stacey Stephen R. Wright Green Bay Farms, Wever, IA R. D. Offutt Company, Verdant Partners, Capitola, CA Pro-F ac Cooperative, Roc h e s t e r , NY Fargo, ND Billy D. Long Robert Stallman Sara R. Wyant Long Farms, Inc., Apopka, FL James F. Patterson American Farm Bureau Federation, Farm Progress Companies, Patterson Farms, Inc., Park Ridge, IL Carol Stream, IL Ewell Long Chesterland, OH Long-Middendorf Corporation, Charles Stamp Hammond, IN Kenneth L. Peoples John Deere Global AgServices, Honorary Life Members The Peoples Group, Ltd., Atlanta, GA William J. Loughmiller Arlington, VA Edward Andersen Loughmiller, Inc., Twin Falls, ID Larry Steckline Waterloo, NE James Pierson Mid-America Ag Network, Inc., James E. Marion Palm City, FL Wichita, KS Boyd C. Bartlett National Chicken Council, Moline, IL Stuart, VA Jack Prince Michael J. Stuart Land O'Lakes, Inc., Tulare, CA Florida Fruit & Vegetable Assn., John R. Block H. J. Markley Orlando, FL Falls Church, VA Deere & Company, William J. Richards Moline, IL Richards Farms Inc., Pat Takasugi Robert M. Book Circleville, OH Idaho Department of Agriculture, Carmel, IN Michael V. Martin Boise, ID University of Florida, Lyle Riggs Earl L. Butz Gainesville, FL Gallagher & Kennedy, P.A., Steven G. Tate West Lafayette, IN Phoenix, AZ Tate Farms, Meridianville, AL Gary Mast William W. Gaston Nat'l. Assn. of Conservation Dists., Martha Roberts Laurence G. Teeter Spartanburg, SC Millersberg, OH FL Dept of Agri & Consumer Ser v, Teeter Farm and Seed Co., Roland M. Hendrickson Tallahassee, FL Guthrie, KY Alexander S. Mathews Darien, CT Animal Health Institute, Rob Robinson Robert L. Thompson Jim Hildreth Washington, DC J.C. Robinson Seed Company, The World Bank, Washington, DC Lombard, IL Waterloo, NE Richard L. McConnell Eric Thor Lorenzo N. Hoopes Pioneer Hi-Bred International, Henry E. Rodegerdts Arizona State University, Mesa, AZ Oakland, CA Johnston, IA California Farm Bureau Alan T. Tracy Federation, Sacramento, CA Donald Lerch Bobby F. McKown U.S. Wheat Associates, Washington, DC Florida Citrus Mutual, Orion Samuelson Washington, DC Winter Haven, FL WGN Radio, Chicago, IL Richard Lyng James K. Trotter Modesto, CA David McMurray William B. Sayre James Trotter Farms, Adair, IL Hancock Land Company, Agricultural Inv estment Assoc., Inc . , Robert Porter Kerry Tucker Burlington, IA Park Ridge, IL Sarasota, FL Nuffer, Smith and Tucker, Inc., Cecil Medders Robert D. Scherer San Diego, CA John W. Scott Alabama Power Company, Scherer Farms, Circleville, OH Mechanicsburg, PA Bronson Van Wyck Birmingham, AL Christian Schlect Bronson Van Wyck and Co., Inc., Joseph P. Sullivan Madeline Mellinger Northwest Horticultural Council, Tuckerman, AR Chicago, IL Glades Crop Care, Inc., Yakima, WA Don Villwock Lu Achilles Wall Jupiter, FL Mark Scholl Villwock Farms, Edwardsport, IN McPherson, KS David Moore ExSeed Genetics LLC, Luther Waters Dale E. Wolf Moore Farms, Dumas, TX Owensboro, KY Auburn University, Wilmington, DE Richard N. Morrison John W. Scott Auburn University, AL Salmon, Lewis & Weldon, PLC, J.W. Scott Farm, Grand Forks, ND Paul S. Weller Phoenix, AZ Joe Silveira Agri/Washington, Bobby D. Moser Farmland Management Services, Washington, DC The Ohio State University, Turlock, CA James F.Wilder Columbus, OH Dan Smalley North Carolina Soybean Owen J. Newlin Red Hill Farms, Guntersville, AL Producers Assn., Raleigh, NC Des Moines, IA Darrell Smith Terry Wolf Bill Northey Metropolitan Life Insurance Co., Wolf Farms, Homer, IL Spirit Lake, IA Overland Park, KS

20 F a r m F o u n d a t i o n Contributors 2001-02

$2,500 and over Richard L. McConnell Larry L. Groce ConAgra, Inc. Madeline Mellinger Richard C. Hahn Deere & Company Mid-America Ag Network, Inc. Hancock Land Company Dow AgroSciences David Moore Keith Heffernan Economic Research Service-USDA Northwest Horticultural Council Hertz Farms Hancock Agricultural Investment Group Nuffer Smith Tucker Jim Hildreth Kettering Foundation Jack Prince Sonja Hillgren Hill Land O'Lakes, Inc. Public Land Users Services Chip Hinton Pioneer Hi-Bred International, Inc. Red Hill Farms George Hoffman Union Pacific Foundation Martha Roberts Lorenzo N. Hoopes University of California DANR Henry E. Rodegerdts Johnson & Teeter Tobacco Farm William B. Sayre Charitable Gift Fund Sheldon R. Jones $1,000 - $2,499 Scherer Farms Ann Jorgensen Agrilink Foods/Pro-Fac Foundation Robert Stallman John Kautz Agway Foundation Stason Farms, Inc. Kemper Farms Richard A. Dudden Tate Farms Dean Kleckner Farm Management Company VentureLabour.com Knobel Farms, Inc. Farmers National Company Villwock Farms Bob and Jeanne Lanphier Farmland Management Services Victor L. Lechtenberg Gold Kist Foundation $0 - $499 Donald Lerch, Jr. & Co., Inc. William F. Kirk Duane Acker Levinson Associates Metropolitan Life Foundation Agri/Washington Seeley G. Lodwick R.D. Offutt Company Agricultural Investment Associates, Inc. Long Farms Inc. The J.C. Robinson Seed Co. Bruce Andrews Loughmiller, Inc. Society for Range Management Melvin D. Androus James E. Marion Southern Progress Corporation Animal Health Institute H.J. Markley Joseph & Jeanne Sullivan Foundation Bailey Farms, Inc. Gary Mast Verdant Partners Gary H. Baise Cecil Medders Gregory L. Bamford Call Farms, Inc. $500 - $999 Sandra S. Batie Owen J. Newlin Earl Ainsworth Frank L. Bauer North Carolina Soybean Prod. Assn. American Farm Bureau Federation John R. Block North Dakota State University Jay Armstrong William T. Boehm Bill Northey Nicholas C. Babson Robert M. Book The Ohio State University BASF Bronson Van Wyck and Company James F. Patterson Bestifor Farms Gale A. Buchanan The Peoples Group, Ltd. Robert Boozer C-ARC Enterprises, Inc. Robert Porter Jeffrey A. Conrad David L. Chicoine Richards Land Company Daniel M. Dooley James A. Christenson Orion Samuelson Association of Equipment Manufacturers Herbert (Hub) Daniel J.W. Scott Farm Farm Progress Companies Mark L. Darrington Joe Silveira Farr Feeders Ed Dickinson Darrell Smith Barry L. Flinchbaugh Dorr's Pine Grove Farm Co. Roderick N. Stacey Florida Fruit & Vegetable Assn. Thomas C. Dorr Charles Stamp James G. Frevert Becky Doyle Pat Takasugi Dan Glickman W.H. Dunklin & Son, Inc. Robert L. Thompson Reg Gomes Jack Eberspacher Alan T. Tracy John Hardin Erwin Farm James K. Trotter Allan R. Johnson Kenneth R. Farrell Luther Waters John H. Kautz Farms John C. Foltz Wolf Farms Knutson & Associates Robert L. Foster Stephen R. Wright Ewell Long Connie Greig Sara R. Wyant

21 FinancialFinancial HighlightsHighlights

Statements of Financial Position For Fiscal Years Ended April 30 a

2001b 2002c Cash $21,653 $33,264 Money Market Fund 0 0 Securities Vanguard Index 500 Fund 11,818,363 10,183,788 PIMCOTotal Return Fund 12,033,623 12,300,521 PIMCO Low Duration Fund 283,884 142,135

TOTAL ASSETS $24,157,523 $22,659,708

Statements of Activities For Fiscal Years Ended April 30 a

2001b 2002 c REVENUE AND GAINS Dividens and interest $958,251 $792,820 Net realized and unrealized gains on investments (1,279,981) (1,027,270) Investment expenses (8,695) (12,281) NET INVESTMENT RETURN (330,425) (246,731) Gifts 308,677 167,308

TOTAL REVENUE AND GAINS $(21,748) $(79,423)

PROGRAM AND OPERATING EXPENSES

Administration $334,359 $372,377 Development 15,421 64,885 Programs: Globalization 162,841 149,875 Environmental Issues 100,812 143,056 New Technologies 173,928 134,720 Consumer Issues 91,240 134,788 Agricultural Institutions 386,069 219,967 Rural Communities/Leadership 178,517 187,524 Bennett Agricultural Round Table 21,141 11,200

TOTAL PROGRAM AND OPERATING EXPENSES $1,464,328 $1,418,392

INCREASE IN UNRESTRICTED NET ASSETS $(1,486,076) $(1,497,815) a Modified Cash Basis b Taken from 2001 audited financial statements c Unaudited

22 PublicationsPublications andand E l e c t r oo n i c c R e s o u r c e s

C o m p re h e n s i ve Assessment of the Role of Risk in U.S. Food Insufficiency and the Use of Food Assistance Programs Agriculture. Richard E. Just and Rulon D. Pope, eds. A in the South. Carol L. Connell, Kathy Yadrick, Agnes Hinton, comprehensive reference book on the economics of agricultural and Joseph Su. First of the series on “Food Assistance Needs of risk from a 2001 conference supported by Farm Foundation. the South’s Vulnerable Populations.” Mississippi State, MS: Norwell, MA: Kluwer Academic Publishers, 2002. Southern Rural Development Center, July 2001.

Agricultural Policy for the 21st Century. Luther Tweeten and Faith-Based Food Assistance in the Rural South. John P. Stanley R. Thompson, eds. Book resulting from the Farm Bartkowski and Helen A. Regis. Second of the series on “Food Fo u n d a t i on-s p o n s o red symposium, "Challenging the Assistance Needs of the So u t h’s Vulnerable Populations.” Agricultural Economics Paradigm," held at The Ohio State Mississippi State, MS: Southern Rural Development Center, University in September honoring the career of Luther Tweeten. October 2001. Ames, IA: Iowa State Press, 2002. Farm Policy in the Face of Change. Summary of a Council on A g r i c u l t u ral Trade Information We b s i t e . Re s e a rch re p o rt s , Food, Agricultural and Re s o u rce Economics (C-FA R E ) proceedings and other products of the International Trade symposium held November 2001, in Washington, D.C. Research Consortium. Online at http://www.agtrade.org Available online at h t t p : / / w w w. c f a re . o r g / p u b l i c a t i o n s / symposium2002.pdf Assessing the Impact of Policy-Oriented Social Science Re s e a r c h . Su m m a ry publication from the Wo rkshop on Final Report on Evaluation of the Communication Between Assessing the Impact of Po l i cy- Oriented Social Science Land-Grant Universities and Congress. Kristina Boone, Research sponsored by the Netherlands Ministry of Foreign Mar k Tuc k e r , and Jackie McC l a s k e y . Rep o r ts res e a r ch to identify Affairs and the International Food Policy Research Institute. the communication channels used by congressional aides for Available online at http://www.farmfoundation.org/projects/ receiving re l e vant policy information. Available online at 00-23.htm http://www.farmfoundation.org/projects/01-36.htm

A Survey of What Southern Producers Want in a New Farm Bill. The Future of Food: Biotechnology Markets and Policies in an James L. Novak, Charles Curtis, Hal Harris, Bradley Lubben, International Setting. Philip G. Pardey, ed. Proceedings from and Larry Sanders. Developed by the Southern Public Affairs a Farm Foundation- sponsored conference. Baltimore, MA: The Committee utilizing 2002 farm bill producer preferences survey Johns Hopkins University Press, January 2002. data to focus on agriculture in the southern United States. Available online at http://www.farmfoundation.org/projects/ Higher Education and Research for Agriculture and Food 01-34.htm Systems in the 21st Century. Conference proceedings from a Global Consortium of Higher Education and Research meeting Attacking Global Barriers. Eric Thor, Mary Thompson, and Dot held July 12-14, 2001, in San Francisco, October 2001. Visit Lestar, eds. Proceedings of the Leadership for Attacking Global http://www.gchera.iastate.edu/ for more information. Food and Agribusiness Conference 2001, held March 2001, in Fa i rfax, Virginia. Available from Farm Foundation at The Importance of Manufacturing in the Rural South. David A. (630) 571-9393. McGranahan. Part of a Southern Rural Development Center Series, "Preparing for the Challenges of the 21st Century." C o l o rado Pro d u c e r s ’ Pre f e rences for Fe d e ral Agricultura l Mississippi State, MS: Southern Rural Development Center, Policy and the 2002 Farm Bill. Andrew Seidl, Lee Elder, and September 2001. Available online at h t t p : / / w w w. e x t . Steve Nixon. A joint project of Colorado Cooperative Extension msstate.edu/srdc/publications/mcgranahan.pdf Se rvice, Colorado State Agricultural Experiment St a t i o n Western Rural Development Center utilizing 2002 farm bill IPStrategy Today. Two articles resulting from a Farm Foundation p roducer pre f e rences survey data to focus specifically on co-sponsored conference on intellectual property clearinghouse Colorado agriculture. Available online at http://www.farm mechanisms for agriculture were published in the electronic foundation.org/projects/01-34.htm journal IP Strategy To d a y, No. 3- 2001, pp. 1-30. http://www.biodevelopments.org/ip/ Declining Food Stamp Program Participation: A Concern for the Rural South? Bradford Mills, Jeffrey Alwang, Everett Keeping the Borders Open: Summary and Conclusions. Peterson, and Sundar Dorai-Raj. Third of the series on “Food Ronald Knutson and Rene Ochoa, eds. Executive summary Assistance Needs of the So u t h’s Vulnerable Populations.” f rom the Eighth Agricultural and Food Policy Sy s t e m s Mississippi State, MS: Southern Rural Development Center, Information Workshop held in Puerto Vallarta, Mexico, March December 2001. 2002. Winnipeg, Manitoba: Friesen Printers, April 2002. Available online at h t t p : / / w w w. f a rm f o u n d a t i o n . o r g / keeping_the_borders_open.htm

23 PublicationsPublications andand E l e c t r oo n i c c R e s o u r c e s

Making Changes: Turning Local Visions into National The 2002 Farm Bill: Issues and Alternatives. Won W. Koo, ed. S o l u t i o n s . Recommendations from the Agriculture Po l i c y Executive summary of papers presented at an October 2001 Project. He n ry A. Wallace Center for Agricultural & conference held in Fargo, North Dakota. Available from online Environmental Policy at Winrock International, Arlington, at h t t p : / / w w w. f a rm f o u n d a t i o n . o r g / p ro j e c t s / 0 2 - 3 1 . h t m o r Virginia. May 2001. Available online at: h t t p : / / w w w. call (630) 571-9393. winrock.org/wallace or (703) 525-9430. The 2002 Farm Bill: Policy Options and Consequences. Joe L. Microbehavior and Macroresults. CD-Rom proceedings of the Outlaw and Edward G. Smith, eds. A product of the National tenth biennial conference of the International Institute of Public Policy Education Committee. Available from Farm Fisheries Economics and Trade, held July 2000, in Corvallis, Foundation at h t t p : / / w w w. f a rm f o u n d a t i o n . o r g / p ro j e c t s / Oregon. Available from ht t p : / / o s u . o r s t . e d u / d e p t / I I F E T / h t m l / 01 - 3 3 . h t m or (630) 571-9393. pu b l i c a t i o n s . h t m l The 2002 Farm Bill: U.S. Producer Pre f e rences for North American Trade Relationships: Policy Challenges for Agricultural, Food and Public Policy. Bradley D. Lubben, 2002 and Beyond. Summary of an AAEA post-conference Clay J. Simons, Nelson L. Bills, Neil L. Meyer, and James L. workshop, held August 2001, in Chicago. Available online at Novak, eds. A product of the National Public Policy Education h t t p : / / w w w. f a rm f o u n d a t i o n . o r g / n o rt h _ a m e r i c a n _ t r a d e _ Committee. Available from Farm Foundation at http://www. relationships.htm farmfoundation.org/projects/01-34.htm or (630) 571-9393.

Pacific Food System Outlook 2001-2002: Meeting the Southern Rural Labor Markets. Lionel J. Beaulieu and David Challenge of Water Scarcity. A Pacific Ec o n o m i c Freshwater, eds. Farm Foundation-sponsored special journal Cooperation Council publication, October 2001. Available edition on recent research concerning southern rural labor online at http://www.pecc.org/food/ markets. Southern Rural Sociology Special Issue, Vol. 16, 2000.

Property Rights: A Primer. Neil Meyer, ed. University of Idaho, Tradeoffs and Sy n e rgies: Agricultural Intensification, September 2001. Eight specialists discuss the range of pro p e rt y Economic Development and the Environment. David R. Lee rights topics. Produced with the support of Farm Foundation, and Christopher Barrett, eds. This book is an outgrowth of a Western Rural Development Center and the University of Farm Foundation-sponsored conference. New York, NY: CABI Id a h o. Visit h t t p : / / e x t e n s i o n . u s u . e d u / W R D C / p r i m e r / Publishing, 2001. index.htm for more information. We l f a re Reform Reauthorization and Ru ral America: Proceedings of the T h i rd International Conference on Implications of Recent Research. Bruce Weber and Greg Geospatial Information in Agriculture and Fo re s t ry. Duncan. Developed by the Joint Center for Poverty Research, CD-ROM proceedings of a conference held November 5-7, Evanston, Illinois, 2001. Available online at h t t p : / / w w w. 2001, in De n ve r, Colorado. Published by Veridian, jcpr.org/RuralPovertyReport.pdf Ann Arbor, Michigan. Western Producers' Pre f e rences for Fe d e ral Agricultura l The Risks of "One Size Fits All" Farm Policy. Summary of a Policy and the 2002 Farm Bill. Andrew Seidl, Russ Tronstad, Council on Food, Agricultural and Re s o u rce Ec o n o m i c s Neil Me ye r, and Larry Lev. De veloped by the Arizo n a , (C-FARE) symposium held May 2001, in Washington, D.C. Colorado, Idaho, Oregon and Cooperative Extension Services; Available online at h t t p : / / w w w. c f a re . o r g / p u b l i c a t i o n s / Colorado State Agricultural Experiment Station; and the symposium2001.pdf Western Rural Development Center utilizing 2002 farm bill producer preferences survey data to focus on agriculture in four Seeking Common Ground for Conservation. Soil and Water western states. Available online at h t t p : / / w w w. Conservation Society, Ankeny, Iowa, 2001. Available in PDF farmfoundation.org/projects/01-34.htm format at http://www.swcs.org/t_seeking_intro2.htm

St r u c t u r al Change as a Source of Trade Disputes Under NAFTA. R.M.A. Loyns, Ronald D. Knutson, Karl Meilke, and Antonio Yunez-Naude, eds. Proceedings of the Seventh Agricultural and Food Policy Systems Information Workshop held in Tucson, A r i zona, Fe b ru a ry 2001. Winnipeg, Manitoba: Fr i e s e n Printers, Fe b ru a ry 2002. Available online at h t t p : / / w w w. farmfoundation.org/structural_change.htm

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