EASEMENTS ON INVENTORIED PROPERTY.

SEC. 639. EASEMENTS ON INVENTORIED PROPERTY. Section 335(g) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1985(g)) is amended— (1) in paragraph (1)— (A) by striking “(g)(1) Subject to paragraphs (2) through (5)” and inserting the following: “(g) Easements on Inventoried Property.— “(1) In general.— Subject to paragraph (2)”; and (B) by striking “, as determined” and all that follows through “3801 et seq.)”; (2) by striking paragraph (2) and inserting the following: “(2) Limitation.— The Secretary shall not establish a wetland conservation easement on an inventoried property that— “(A) was cropland on the date the property entered the inventory of the Secretary; or “(B) was used for farming at any time during the period beginning on the date 5 years before the property entered the inventory of the Secretary and ending on the date the property entered the inventory of the Secretary.”; (3) by striking paragraphs (3), (4), (5), and (8); (4) by striking “(6) The Secretary” and inserting the following: “(3) Notification.— The Secretary”; and (5) by striking “(7) The appraised” and inserting the following: “(4) Appraised value.— The appraised”.