; and (4) by adding after and below the end the following: (2) Special rules (A) Eligibility of qualified operators Qualified operators, as defined by the Secretary, shall be considered to meet the operator requirement of paragraph (1). (B) Eligibility of certain operating-only entities An applicant that is or will become only the operator of farm real estate acquired, improved, or supported with funds under this subtitle shall be considered to meet the owner-operator requirements of paragraph (1) if 1 or more of the individuals who is an owner of the real estate owns at least 50 percent (or such other percentage as the Secretary determines is appropriate) of the applicant. (C) Eligibility of certain embedded entities An entity that is an owner-operator described in paragraph (1), or an operator described in subparagraph (B) of this paragraph that is owned, in whole or in part, by 1 or more other entities, shall be considered to meet the direct ownership requirement imposed under paragraph (1) if at least 75 percent of the total ownership interests of the embedded entity, or of the other entities, is owned, directly or indirectly, by qualified operators of the farm acquired, improved, or supported with funds under this subtitle. . D Administrative Provisions 5401. Beginning farmer and rancher individual development accounts pilot program Section 333B(h) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1983b(h) ) is amended by striking 2023 and inserting 2029 . 5402. Loan authorization levels Section 346(b)(1) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1994(b)(1) ) is amended in the matter preceding subparagraph (A) by striking 2023 and inserting 2029 . 5403. Loan fund set-asides Section 346(b)(2)(A)(ii)(III) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1994(b)(2)(A)(ii)(III) ) is amended by striking 2023 and inserting 2029 . 5404. Use of additional funds for direct operating microloans under certain conditions Section 346(b)(5)(C) of the Consolidated Farm and Rural