Definitions

Section 1265A of the Food Security Act of 1985 (16 U.S.C. 3865a) is amended— (1) in paragraph (2)— (A) in subparagraph (A)— (i) in clause (i)— (I) by striking an eligible entity the first place it appears and inserting one or more eligible entities; and (II) by striking an eligible entity owns or is and inserting one or more of those eligible entities own or are; (ii) in clause (ii)— (I) in the matter preceding subclause (I), by striking the eligible entity certifies to the Secretary that the and inserting each eligible entity certifies to the Secretary that an; (II) in subclause (I)— (aa) by striking the subclause designation and all that follows through hold in item (bb) and inserting the following: (I) hold; (bb) by striking transfer ownership of the land and inserting ownership of the land will be transferred; and (cc) by striking and at the end; (III) in subclause (II), by inserting that owns the land subject to the agricultural land easement held by another eligible entity after eligible entity; and (IV) by adding at the end the following: (III) at no time hold both an agricultural land easement and ownership of the land subject to that agricultural land easement; and; and (iii) in clause (iii), by striking by the eligible entity and all that follows through the period at the end and inserting by one or more eligible entities if such an eligible entity fails to transfer ownership under clause (ii).; and (B) in subparagraph (B), by striking (A)(ii)(I)(bb) and inserting (A)(ii)(I); and (2) in paragraph (4)(A)(i)(I), by inserting, including a transaction in which the land is owned by an eligible entity but ownership of the land will be transferred to a farmer or rancher that is not an eligible entity prior to or on acquisition of the agricultural land easement after eligible entity.