(a) Except as otherwise provided in this section, land is eligible for enrollment in the EWRP only if NRCS determines that the land:
- (1) Was inundated by the Midwest floods of 1993;
- (2) If restored to productive condition, would have a fair market value that is less than the estimated costs of restoring the land to productive condition and repairing related floodwater control systems;
- (3) Is likely to have its wetland value restored with minimal costs; and
- (4) Is wetland farmed under natural conditions, a farmed wetland or prior converted wetland, or substantially altered lands which are cropland; or
- (5) Is wetland that has been restored on the land under a CRP contract, or under a Federal or State wetland restoration program with an easement for a period of less than 30 years.