Reauthorization and increased funding for beginning, retiring, and socially disadvantaged farmers and ranchers
Title III — Providing resources for beginning, retiring, and socially disadvantaged farmers and ranchers
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(a) Mandatory funding Section 2501(l)(1) of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 2279(l)(1)) is amended— (1) in subparagraph (C), by striking and; (2) in subparagraph (D), by striking fiscal year 2023 and each fiscal year thereafter. and inserting for each of fiscal years 2023 through 2025; and; and (3) by adding at the end the following: (E) $100,000,000 for each of fiscal years 2026 through 2030.. (b) Authorization of appropriations Section 2501(l)(2) of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 2279(l)(2)) is amended by striking $50,000,000 for each of fiscal years 2019 through 2023 and inserting $100,000,000 for each of fiscal years 2026 through 2030.