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U.S. Code as of:
01/19/04
Section 1905. Grazing fees; economic value of use of land; fair market value components; annual percentage change limitation
For the grazing years 1979 through 1985, the Secretaries of
Agriculture and Interior shall charge the fee for domestic
livestock grazing on the public rangelands which Congress finds
represents the economic value of the use of the land to the user,
and under which Congress finds fair market value for public grazing
equals the $1.23 base established by the 1966 Western Livestock
Grazing Survey multiplied by the result of the Forage Value Index
(computed annually from data supplied by the Economic Research
Service) added to the Combined Index (Beef Cattle Price Index minus
the Price Paid Index) and divided by 100: Provided, That the annual
increase or decrease in such fee for any given year shall be
limited to not more than plus or minus 25 per centum of the
previous year's fee.
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