Young Farmer Success Act

Section 455(m)(3)(B) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)(3)(B)) is amended—

(1) in clause (i), by striking or at the end;

(2) in clause (ii), by striking the period at the end and inserting; or; and

(3) by adding at the end the following:

(iii) a full-time job engaged in farm work as an employee or manager of a qualified farm or ranch.

Section 455(m)(3) of such Act (20 U.S.C. 1087e(m)(3)) is amended by adding at the end the following:

The term qualified farm or ranch means, with respect to a year, a farm or ranch whose earnings of gross revenue during the year from the sale of agricultural products are equal to or greater than—

(i) in the case of 2026, $35,000; or

(ii) in the case of any succeeding year, the amount applicable under this subparagraph for the previous year increased by the estimated percentage change in the Consumer Price Index (as determined by the Secretary, using the definition in section 478(f)) for the most recent year preceding such year.