Wetland Banking Mitigation Program
Program Information:
Application Deadline: 08/02/2024
Match Requirement: No Match Required
Sub Funding Type: Implementation or On-The-Ground Work, Other
Funding Type: Grant
Funding Source: Federal
Organization Name: Natural Resources Conservation Service
Eligible Applicants: Private Individual
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The Wetland Mitigation Banking Program (WMBP) is a competitive grants program that supports the development and establishment of wetland mitigation banks to make credits available for agricultural producers.Wetland mitigation banking is commonly used to compensate for wetland impacts from development, but it also used for impacts from agriculture. Producers can buy credits from wetlands mitigation banks to compensate for the impact of lost wetlands. Wetland mitigation banks are established through the restoration, creation or enhancement of wetlands. When a mitigation bank is established, the landowner retains ownership and use of the property, while a conservation easement protects the wetlands from incompatible degrading activities. The size and scope of the wetland restoration, creation or enhancement activities determine the quantity of credits available for sale. The price of credits is negotiated between the buyer and seller with no involvement by USDA.
