Wetland Mitigation Banking Program

The U.S. Department of Agriculture's Natural Resources Conservation Service (NRCS) is offering up to $7 million in grant funding through the Wetland Mitigation Banking Program (WMBP). This competitive grant opportunity aims to support the development and establishment of wetland mitigation banks solely for agricultural producers with wetlands subject to the wetland conservation compliance provisions of the Food Security Act of 1985. Eligible applicants include tribal governments, state and local governments, for-profit entities, and non-profit organizations. Priority will be given to banks located in states with significant wetland resources and conservation compliance needs, such as Iowa, Michigan, Nebraska, and Wisconsin. Applications must be submitted via Grants.gov by 11:59 pm Eastern Time on August 2, 2024, and the agency expects to make selections by November 2024 and execute awards by February 2025.

The estimated funding floor for this opportunity is $100,000, and the estimated funding ceiling is $1 million per agreement. This program is listed under Assistance Listing 10.933 - Wetland Mitigation Banking Program, and a webinar for potential applicants is scheduled for June 12, 2024.