Voluntary Grazing Permit Buyout Act - Establishes a voluntary grazing permit and lease buyout program for commercial livestock operators on Federal land. Sets forth land priorities if funds are insufficient to meet all buyouts.
Provides for the permanent retirement of grazing allotments which have no valid grazing permits or allotment leases.
States that a permittee or lessee shall maintain the permit or lease for the remainder of its term in instances of nonuse or reduced use.
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