; (2) in section 8(f)(1)(A)(i) ( 7 U.S.C. 2017(f)(1)(A)(i) ) by striking 3(n)(5) and inserting 3(m)(5) ; and (3) in section 17(b)(1)(B)(iv)(III)(aa) (7 U.S.C. 2016(b)(1)(B)(iv)(III)(aa)) by striking 3(n) and inserting 3(m) . V Future of American Farmers A Defining beginning farmer or rancher 501. Beginning farmer or rancher defined In this title, the term beginning farmer or rancher means an individual or entity who— (1) has not operated a farm or ranch, or who has operated a farm or ranch for not more than 10 consecutive years; and (2) will materially and substantially participate in the operation of the farm or ranch. B Providing Resources for Beginning, Retiring, and Socially Disadvantaged Farmers and Ranchers 511. Reauthorization and increased funding for outreach and assistance for socially disadvantaged farmers and ranchers and veteran farmers and ranchers (a) Mandatory funding Subparagraph (A) of section 2501(a)(4) of the Food, Agriculture, Conservation, and Trade Act of 1990 ( 7 U.S.C. 2279(a)(4) ) is amended to read as follows: (A) Mandatory funding Of the funds of the Commodity Credit Corporation, the Secretary shall make available to carry out this section— (i) $10,000,000 for fiscal year 2018; and (ii) $50,000,000 for each of fiscal years 2019 through 2023. . (b) Authorization of appropriations Section 2501(a)(4)(E) of the Food, Agriculture, Conservation, and Trade Act of 1990 ( 7 U.S.C. 2279(a)(4)(E) ) is amended by striking 2018 and inserting 2023 . 512. Ensuring permanent funding for beginning farmer and rancher development program Section 7405(h)(1)(C) of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 3319f(h)(1)(C) ) is amended— (1) by striking $20,000,000 and inserting $50,000,000