; (2) beginning in 2028, and annually thereafter, by April 15, a report on compliance with this section, including evidentiary documentation regarding such compliance; and (3) documentation regarding lifecycle greenhouse gas emissions of managing land and livestock with regenerative agricultural practices. (d) Grants for transition assistance (1) In general The Secretary shall make competitive grants to covered land or livestock corporations to pay up to 50 percent of the costs needed to meet the requirements under this section. (2) Priority In awarding grants under this subsection, the Secretary shall give priority to a covered land or livestock corporation that displays significant need, as determined by the Secretary, to finance the transition to regenerative agricultural practices. (3) Application To be eligible to receive a grant under this subsection, a covered land or livestock corporation shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require. (e) Best practices report Not later than 180 days after the date of the enactment of this section, the Secretary shall develop and publish, including on the public website of the Department of Agriculture, a report on the best practices for covered land or livestock corporations for regenerative agricultural practices consistent with this section, including how to apply for a grant under this section. (f) Definitions In this section: (1) Covered land or livestock corporation The term covered land or livestock corporation means an entity or person that— (A) owns, manages, or controls land or livestock, including through— (i) farming, ranching, or other related agricultural operations; or (ii) contracts with farmers or ranchers under which the farmers or ranchers purchase patented inputs or inputs otherwise owned by the entity or person to produce agricultural products to be acquired by such entity (or a subsidiary thereof)