Directs the Secretary of Agriculture (USDA) to establish the Foundation for Food and Agriculture Research to: (1) advance USDA's research mission by supporting agricultural research focused on addressing key problems of national and international significance; and (2) foster collaboration with agricultural researchers from the federal government, institutions of higher education, industry, and nonprofit organizations.
Directs the Foundation to: (1) award grants to, or enter into contracts or cooperative agreements with, scientists and entities to advance Foundation goals; (2) identify and coordinate existing and proposed federal research and development programs relating to Foundation purposes; (3) identify unmet and emerging agricultural research needs; (4) facilitate technology transfer and information release to the agricultural research community; and (5) promote the development of the next generation of agricultural research scientists.