106 STAT. 4158 PUBLIC LAW 102-554—OCT. 28, 1992 retary shall state, in writing, the reasons the application was rejected.**. SEC. 19. DEFINITION OF QUALIFIED BEGINNING FARMER OR RANCHER. Section 343(a) (7 U.S.C.1991(a)) is amended— (1) by striking 'iiiis title (1) the term** and all that follows through fish farming," at the end of paragraph (1) and inserting "this title: "(1) The term 'farmer* includes a person who is engaged in, or who, with assistance afforded under this title, intends to engage in, fish farming.**; (2) by indenting, and aligning the margins of, paragraphs (2) through (10) so as to align with paragraph (1) (as amended by paragraph (1)); (3) by striking "the** the first place it appears in each of such paragraphs and inserting'The**; (4) by striking the comma at the end of each of paragraphs (2) through (8) and inserting a period; (5) by striking ", and at the end of paragraph (9) and inserting a period; and (6) by adding at the end the following new paragraph: "(11) The term 'qualified beginning farmer or rancher* means an applicant— "(A) who is eligible for assistance under this title; "(B) who has not operated a farm or ranch, or who has operated a farm or ranch for not more than 10 years; "(C) in the case of a cooperative, corporation, partnership, or joint operation, who has members, stockholders, partners, or joint operators who are all related to one another by blood or marriage; "(D)(i) in the case of an owner and operator of a farm or ranch, who— "(I) in the case of a loan made to an individual, individually or with the immediate family of the applic€uit— "(aa) materially and substantially participates in the operation of the farm or ranch; and "(bb) provides substantial day-to-day labor and management of the farm or ranch, consistent with the practices in the State or county in which the farm or ranch is located; or "(IlXaa) in the case of a loan made to a cooperative, corporation, partnership, or joint operation, has members, stockholders, partners, or joint operators, materially and substantially participate in the operation of the farm or ranch; and "(bb) in the case of a loan made to a corporation, has stockholders, all of whom are qualified beginning farmers or ranchers; and "(ii) in the case of an applicant seeking to ovm and operate a fann or ranch, who— "(I) in the case of a loan made to an individual, individually or with the immediate family of the applicant, will— "(aa) materially and substantially participate in the operation of the farm or ranch; and
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