This annual report highlights a strategic plan focusing on issues that shape the changing future of agriculture and rural communities, and describes 1992 programs. The strategic plan addresses the following priority areas: (1) globalization; (2) environmental issues; (3) new technologies; (4) consumer issues; (5) role of agricultural institutions; and (6) changing rural communities. A section titled "Policy Dialogue" summarizes seminars, workshops, and conferences funded by the Farm Foundation, including a meeting focusing on the needs of young children in rural communities. A section titled "Research Agenda Development" reports on the research projects funded during the past year. Outlines of regional cooperative extension meetings include a description of the activities of a western public policy education committee that focused on globalization and environmental issues. The section titled "Leadership Development and Recognition" features leadership development activities funded by the Farm Foundation and recognizes accomplishments of individuals (including fellowships, scholarships, speakers, workshops, and publications). Examples include a workshop for educating young reporters about agriculture, a project of the American Agricultural Economics Association Economic Education for Youth Committee; and a task force on food and agricultural and resource economics for youth. The document also contains lists of staff activities, round table members, Farm Foundation contributors, financial data, and publications. (KS)