To make permanent the formula for determining fees for the grazing of livestock on public rangelands.

Sets forth a formula, beginning with the 1989 grazing year, for determining fees for domestic livestock grazing on public rangelands. Bases the formula on the base established by the 1966 Western Livestock Grazing Survey, the Forage Value Index, and the adjusted Beef Cattle Price Index. Prohibits annual fee adjustments greater or less than 25 percent.