Modernizes the Conservation Reserve Program by adjusting cost-sharing payments and rental rates.

The Conservation Reserve Program Modernization Act amends the Food Security Act of 1985 to update the Conservation Reserve Program. It changes the cost-sharing payments to 50% for establishing permanent vegetation and erosion control practices. It also adjusts the rental rate limits for different types of eligible land, including cropland, grasslands, and marginal pasture land. The bill allows for multiple enrollments and reenrollments under specific conditions.

Modernizes the Conservation Reserve Program by adjusting cost-sharing payments and rental rates.

The Conservation Reserve Program Modernization Act amends the Food Security Act of 1985 to update the Conservation Reserve Program. It changes the cost-sharing payments to 50% for establishing permanent vegetation and erosion control practices. It also adjusts the rental rate limits for different types of eligible land, including cropland, grasslands, and marginal pasture land. The bill allows for multiple enrollments and reenrollments under specific conditions.