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.