INVENTORY PROPERTY.

SEC. 5308. INVENTORY PROPERTY. Section 335(c) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1985(c)) is amended—116 STAT. 346 (1) in paragraph (1)— (A) in subparagraph (B)— (i)in clause (i), by striking “75 days” and inserting “135 days”; and (ii)by adding at the end the following: “(iv) Combining and dividing of property.—To the maximum extent practicable, the Secretary shall maximize the opportunity for beginning farmers and ranchers to purchase real property acquired by the Secretary under this title by combining or dividing inventory parcels of the property in such manner as the Secretary determines to be appropriate.”; and (B) in subparagraph (C)— (i)by striking “75 days” and inserting “135 days”; and (ii)by striking “75-day period” and inserting “135-day period”; and (2) by striking paragraph (2) and inserting the following: “(2) Previous lease.—In the case of real property acquired before April 4, 1996, that the Secretary leased before April 4, 1996, not later than 60 days after the lease expires, the Secretary shall offer to sell the property in accordance with paragraph (1).”.