1. Short title This Act may be cited as the Farmers of Tomorrow Act . 2. Modification of the 3-year experience requirement for purposes of eligibility for farm ownership loans (a) In general Section 302(b) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1922(b) ) is amended— (1) in paragraph (1)— (A) by striking (3) and inserting (5) ; and (B) by inserting (not exceeding 2 years) after period of time ; and (2) by redesignating paragraphs (2) and (3) as paragraphs (4) and (5), respectively, and inserting after paragraph (1) the following: (2) Other acceptable experience In determining whether a farmer or rancher has other acceptable experience under paragraph (1), the Secretary may count any of the following: (A) at least 16 hours of post-secondary education in a field related to agriculture; (B) successful completion of a farm management curriculum offered by the Cooperative Extension Service, a community college, an adult vocational agriculture program, a non-profit organization, or a land grant university; (C) at least 1 year of direct substantive management experience in a business; (D) an honorable discharge from the armed forces of the United States; (E) successful repayment of a youth loan made under section 311(b); (F) at least 1 year as hired farm labor with substantial management responsibilities; (G) successful completion of a farm mentorship, apprenticeship, or internship program with an emphasis on management requirements and day-to-day farm management decisions; (H) an established relationship with an individual participating as a counselor in a Service Corps of Retired Executives program authorized under section 8(b)(1)(B) of the Small Business Act ( 15 U.S.C. 637(b)(1)(B) ), or with a local farm or ranch operator or organization, approved by the Secretary, that is committed to mentoring the farmer or rancher