O develop a wetland mitigation bank with credits acceptable for use in USDA wetland compliance under the wetland mitigation banking program

Active Project Grant Awarded Last action

Award ID
NR265A12XXXXG001
Recipient
Awarding agency
Obligated
$599,531

Award facts

Assistance listing
10.933 Wetland Mitigation Banking Program
Completion date 27% complete
Place of performance
Illinois, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Department of Agriculture National Resources Conservation Service awarded Magnolia IL LLC $599,531.20 on October 1, 2025, under the Wetland Mitigation Banking Program (CFDA 10.933) to develop a wetland mitigation bank with credits acceptable for USDA wetland compliance use.

The recipient will establish and operate a wetland mitigation bank in Illinois that generates credits for agricultural producers to meet their wetland conservation compliance responsibilities under Swampbuster provisions. The bank will be managed by the third-party recipient under NRCS oversight, with an annual credit ledger submitted to the program manager by November 15 tracking deposits and withdrawals from the bank. The award period runs from October 1, 2025, through September 30, 2029. Magnolia IL LLC is a child entity, indicating a subsidiary or subsidiary-level recipient status within a larger organizational structure.

Quick answers

Who received award NR265A12XXXXG001?

NR265A12XXXXG001 was awarded to Magnolia IL LLC by National Resources Conservation Service (Department of Agriculture) on October 1, 2025.

How much is award NR265A12XXXXG001 worth?

$599,531 has been obligated on NR265A12XXXXG001.

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