[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1415.10]

[Page 420]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1415_GRASSLAND RESERVE PROGRAM--Table of Contents
 
Sec.  1415.10  Compensation for easements and rental agreements.

    (a) Compensation for easements will be based upon:
    (1) The fair market value of the land, less the grazing value 
encumbered by the easement as determined by an appraisal for permanent 
easements; and
    (2) Thirty percent of the value determined in paragraph (a)(1) of 
this section for 30-year easements or for an easement for the maximum 
duration permitted under State law.
    (b) For 10-, 15-, 20-, and 30-year rental agreements, the 
participant will receive not more than 75 percent of the grazing value 
in an annual payment for the length of the agreement, as determined by 
USDA. USDA may adjust rental agreement rates, not to exceed the 
statutory limits, based on duration of agreement, inflation, and other 
economic considerations associated with grazing lands.
    (c) In order to provide for better uniformity among States, the FSA 
Administrator and the NRCS Chief may review and adjust, as appropriate, 
State or other geographically based payment rates for rental agreements.
    (d) For easements, to minimize expenditures on individual appraisals 
and to expedite program implementation, USDA may complete a programmatic 
appraisal to establish regional average market values and grazing values 
if acceptable under federally recognized real property valuation 
standards.
    (e) Easement or rental agreement payments received by participant 
shall be in addition to, and not affect, the total amount of payments 
that the participant is otherwise eligible to receive under other USDA 
programs.