USDA to provide $9 million to create mitigation opportunities for farmers, ranchers
Agriculture Secretary Tom Vilsack has announced the establishment of the Natural Resources Conservation Service (NRCS) Wetland Mitigation Banking Program, made possible by the 2014 Farm Bill. Through the program, NRCS will provide $9 million to help states, local governments or other qualified partners develop wetland mitigation banks that restore, create or enhance wetland ecosystems, broadening the conservation options available to farmers and ranchers so they can maintain eligibility for other United States Department of Agriculture (USDA) programs.
Wetland mitigation banking is a market-based approach that involves restoring, creating or enhancing wetlands in one place to compensate for unavoidable impacts to wetlands at another location. Wetland mitigation banking is commonly used to compensate for wetland impacts from development, but can also be used to offset impacts from agriculture. A small number of banks have been developed in the U.S. specifically to assist agriculture, and the mitigation banks established under this program will be used to help agricultural producers who need to mitigate wetland losses to maintain eligibility for USDA programs.
NRCS is seeking applications from eligible third parties to develop wetland mitigation banks, or modify existing banks to better serve agricultural producers. These third parties include federally recognized Indian tribes; state and local units of government; for-profit entities and nongovernmental organizations.
The maximum award provided through this announcement is up to $1 million. This funding may be used to cover the administrative and technical costs associated with the development of a wetland mitigation bank or banking program. Funding may not be used to purchase an easement or any other interest in land.
Partners will develop, operate and manage the wetlands mitigation banks with technical oversight from NRCS, and will market mitigation credits to farmers and ranchers. Credits must be made available to producers within two years after the agreement is signed.
NRCS is prioritizing funding to locations that have a significant known wetland compliance workload. These locations include the Prairie Pothole Region, California Vernal Pool Region, Nebraska Rainwater Basin Region and other areas that have significant numbers of wetlands compliance requests. Priority will also be given to applications based on the speed with which mitigation credits can be made available to agriculture producers.
USDA is now accepting project proposals for this program. Proposals are due to NRCS before 5 p.m. Eastern Standard Time on March 28, 2016.