; and (2) by striking paragraph (3). G Agricultural Conservation Easement Program 2601. Definitions Section 1265A of the Food Security Act of 1985 ( 16 U.S.C. 3865a ) is amended— (1) by striking paragraph (2); (2) by redesignating paragraphs (3) through (7) as paragraphs (2) through (6), respectively; and (3) in paragraph (3)(A), as so redesignated, by amending clause (i) to read as follows: (i) that is subject to a pending offer for purchase of an agricultural land easement from an eligible entity; . 2602. Agricultural land easements (a) Availability of assistance Section 1265B(a) of the Food Security Act of 1985 ( 16 U.S.C. 3865b ) is amended— (1) in paragraph (1), by striking in eligible land; and inserting on eligible land; and ; (2) in paragraph (2), by striking (iv); and and inserting (iii). ; and (3) by striking paragraph (3). (b) Cost-Share assistance (1) Scope of assistance available Section 1265B(b)(2) of the Food Security Act of 1985 ( 16 U.S.C. 3865b(b)(2) ) is amended— (A) by amending subparagraph (A) to read as follows: (A) Federal share (i) In general An agreement described in paragraph (4) shall provide for a Federal share determined by the Secretary of an amount not to exceed 65 percent of the fair market value of the agricultural land easement, as determined by the Secretary using— (I) the Uniform Standards of Professional Appraisal Practice; (II) an areawide market analysis or survey; or (III) another industry-approved method. (ii) Socially disadvantaged farmers and ranchers exception In the case of eligible land with respect to which a socially disadvantaged farmer or rancher holds an ownership interest of not less than 50 percent, the Secretary may provide an amount not to exceed 90 percent of the fair market value of the agricultural land easement. (iii) Grasslands exception In the case of grassland of special environmental significance, as determined by the Secretary, the Secretary may provide an amount not to exceed 75 percent of the fair market value of the agricultural land easement.