; and (B) by striking ownership interests of each embedded entity of the entity is owned directly or indirectly by the individuals that own the family farm and inserting total ownership interests of the embedded entity, or of the other entities, is owned, directly or indirectly, by qualified operators of the farm improved or supported with funds under this subtitle . 5202. Limitations on amount of operating loans Section 313(a)(1) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1943(a)(1) ) is amended by striking $400,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019 and inserting $750,000, or, in the case of a loan guaranteed by the Secretary, $3,000,000 (increased, beginning with fiscal year 2025 . 5203. Limitation on microloan amounts Section 313(c)(2) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1943(c)(2) ) is amended by striking $50,000 and inserting $100,000 . 5204. Cooperative lending pilot projects Section 313(c)(4)(A) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1943(c)(4)(A) ) is amended by striking 2023 and inserting 2029 . C Emergency loans 5301. Persons eligible for emergency loans Section 321 of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1961 ) is amended— (1) by striking all that precedes shall make and insure and inserting the following: 321. Eligibility for loans (a) In general (1) Eligibility requirements The Secretary ; (2) in the 1st sentence— (A) by striking (1) and inserting (A) ; (B) by striking (2) and inserting (B) ; (C) by striking (A) the 1st place it appears and inserting (i) ; (D) by striking (B) the 1st place it appears and inserting (ii) ; and (E) by striking a majority each place it appears and inserting at least a 50 percent ; (3) by striking the 5th sentence