Agricultural Research Commercialization Act of 1989

Agricultural Research Commercialization Act of 1989 - Establishes the Agricultural Research Commercialization Corporation in the Department of Agriculture to facilitate the commercialization of new industrial products and processes using traditional and new agricultural and forestry crops.

Directs the Corporation to establish between four and nine regional centers. Provides for the appointment of regional advisory councils whose primary duty shall be project application review.

Sets forth center activities, including: (1) identification of new products and of areas for new product commercialization; (2) coordination of research and development programs; (3) provision of technical assistance; (4) dissemination of information; and (5) coordination of private sector, university, and government activities.

Sets forth financial assistance criteria.

Establishes a Corporation revolving fund.

Authorizes FY 1990 through 1999 appropriations.