; (2) in subsection (c)— (A) in paragraph (3)— (i) in subparagraph (A)— (I) by striking The amount of a grant under this subsection shall not exceed 25 percent and inserting the following: (i) In general Except as provided in clause (ii), the amount of a grant under this subsection shall not exceed 50 percent ; and (II) by adding at the end the following: (ii) Underserved producers The amount of a grant provided under this subsection to an agricultural producer who is a beginning farmer or rancher, a veteran farmer or rancher (as those terms are defined in section 2501(a) of the Food, Agriculture, Conservation and Trade Act of 1990 ( 7 U.S.C. 2279(a) )), or an underserved farmer or rancher shall not exceed 75 percent of the cost of the activity funded by the grant. ; (ii) by redesignating subparagraphs (C) and (D) as subparagraphs (D) and (E), respectively; (iii) by inserting after subparagraph (B) the following: (C) Maximum percentage of loan guarantee The portion of a loan that the Secretary may guarantee under this subsection shall be— (i) in the case of a loan in an amount that is less than $1,000,000, 90 percent of the principal amount of the loan; and (ii) in the case of a loan in an amount that is not less than $1,000,000, 80 percent of the principal amount of the loan. ; and (iv) in subparagraph (E) (as so redesignated), by striking subsection (f) and inserting subsection (g) ; (B) in paragraph (4)— (i) in subparagraph (A), by striking 3-tiered and inserting 2-tiered ; (ii) in subparagraph (B), by striking $80,000 and inserting $150,000 ; (iii) by striking subparagraph (C); (iv) by redesignating subparagraphs (D) and (E) as subparagraphs (C) and (D), respectively; (v) in subparagraph (C) (as so redesignated), in the subparagraph heading, by striking 3 and inserting 2 ; and (vi) in subparagraph (D) (as so redesignated)— (I) by striking The Secretary and inserting the following: (i) In general The Secretary