SA 3725. Mr. KOHL submitted an amendment intended to be proposed to amendment SA 3500 proposed by Mr. HARKIN (for himself, Mr. CHAMBLISS, Mr. BAUCUS, and Mr. GRASSLEY) to the bill H.R. 2419, to provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes; which was ordered to lie on the table; as follows:

On page 336, strike lines 6 through 21 and insert the following:
``(4) COMPENSATION.--Effective on the date of enactment of this paragraph, the Secretary shall pay the lowest amount of compensation for a conservation easement, as determined by a comparison of--
``(A) the amount necessary to encourage the enrollment of parcels of land that are of importance in achieving the purposes of the program, as determined by the State Conservationist, in cooperation with the State technical committee, based on--
``(i) the net present value of 30 years of annual rental payments based on the county simple average soil rental rates developed under subchapter B;
``(ii) an area-wide market analysis or survey; or
``(iii) an amount not less than the value of the agricultural or otherwise undeveloped raw land based on the Uniform Standards of Professional Appraisal Practices;
``(B) the amount corresponding to a geographical area value limitation, as determined by the State Conservationist, in cooperation with the State technical committee; and
``(C) the amount contained in the offer made by the landowner.
``(5) PAYMENT SCHEDULE.--Except as otherwise provided in this subchapter, payments may be provided under this subchapter pursuant to an easement agreement, contract, or other agreement, in a lump sum payment, or in not more than 30 annual payments in equal or unequal amounts, as agreed to by the Secretary and the landowner.''.


(As printed in the Congressional Record for the Senate on Nov 15, 2007.)