DEFINITION OF QUALIFIED BEGINNING FARMER OR RANCHER.

SEC. 5303. DEFINITION OF QUALIFIED BEGINNING FARMER OR RANCHER. (a) In General.—Section 343(a)(11) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)(11)) is amended in subparagraphs (C) and (D)— (1) by striking “or joint operation,” each place it appears and inserting “joint operation, or such other legal entity as the Secretary considers appropriate,”; (2) by striking “or joint operators,” each place it appears and inserting “joint operators, or owners,”; and (3) in subparagraph (D), by striking “corporation, has stockholders,” each place it appears in clauses (i)(II)(bb) and (ii)(II)(bb) and inserting “cooperative, corporation, partnership, joint operation, or other such legal entity as the Secretary considers appropriate, has members, stockholders, partners, or joint operators,”. (b) Modification of Acreage Ownership Limitation.—Section 343(a)(11)(F) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)(11)(F)) is amended by striking “median acreage” and inserting “average acreage”.