1. Short title This Act may be cited as the Beginning Agriculturalist Lifetime Employment Act of 2023 or the BALE Act of 2023 . 2. Limitations applicable to qualified conservation loan guarantees (a) Limitations applicable to loan guarantees Section 304(e) of the Agricultural Act of 1961 ( 7 U.S.C. 1924(e) ) is amended to read as follows: (e) Limitations applicable to loan guarantees (1) Percentage of loan guaranteed The portion of a loan that the Secretary may guarantee under this section shall— (A) depend on the principal amount of the loan