Wetland Mitigation Banking Program

Active

Assistance listing
10.933
Agency
Grant awards
28 $17,517,778 in federal obligations

Program facts

Also known as
Wetland Mitigation Banking Program (WMBP)
Assistance types
  • Project Grant
  • Cooperative Agreement
Treasury account
  • 12-1004-0-1-302
More information

Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.

About this program

The Department of Agriculture National Resources Conservation Service (NRCS) is funding the development and operation of agricultural wetland mitigation banks through which qualified third-party operators establish and manage credits for producers to achieve Swampbuster wetland conservation compliance, CFDA 10.933, with the next application deadline of September 8, 2026.

The program remains active and recently posted a current opportunity. NRCS issued FY 2026 solicitation USDA-NRCS-NHQ-WMBP-NOFO0001458 on July 23, 2026, with applications due September 8, 2026, offering $3 million. The source material includes a webinar held on July 30, 2026, reflecting current engagement. The most recent grant award closed January 1, 2026. Over the past five years, annual award volume has been volatile: eight awards in 2022, six in 2023, one in 2024, three in 2025, and one in 2026. The program has distributed 28 total awards since its first award in February 2021, a five-year history.

Funded activities center on establishing wetland mitigation banks that generate tradeable credits exclusively for agricultural producers facing wetland compliance obligations under the Food Security Act. Representative awards include a $1 million Michigan project to expand mitigation options for producers (September 2025), a $981,488 project to develop a mitigation bank with usable credits (September 2025), and a $811,112 Wisconsin expansion to provide compliance opportunities (September 2023). The program also funds ancillary conference activities; a $20,000 cooperative agreement supported the 2024 National Mitigation and Environmental Markets Conference. Funded projects typically operate over four-year periods.

NRCS is the sole funding agency. The program has obligated $17.5 million in combined federal dollars across 28 awards, with non-federal match contributions bringing the combined total to $19.8 million. Typical awards range from roughly $500,000 to $1.4 million. The portfolio is predominantly Project Grants (25 awards, 89 percent) with a smaller share of Cooperative Agreements (3 awards, 11 percent).

Eligible applicants include federally recognized tribal governments, state and local units of government, for-profit entities, nonprofits with or without 501(c)(3) status, and public and private institutions of higher education. Priority is given to applicants in states with significant wetland acreage and high compliance request volume: Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, Ohio, Pennsylvania, South Dakota, and Wisconsin. Proposals are accepted from applicants in all fifty states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands.

Objective and description

Objective

The Wetland Mitigation Banking Program supports the establishment and development of agricultural wetland mitigation banks to make credits available to producers. These credits help producers meet their wetland conservation compliance responsibilitie

Description

NRCS will seek applications to establish wetland mitigation banks for agriculture producers. The intent of the program is for qualified third-party wetland bankers to operate and manage all aspects of a wetland mitigation bank, with oversight by NRCS. Specific funding uses and restrictions will be identified in an agreement between NRCS and those selected to receive the funding.

Eligibility

Applicant eligibility

Proposals will be accepted from applicants in any of the 50 States, the District of Columbia, the Caribbean Area (Puerto Rico and the U.S. Virgin Islands), and the Pacific Islands Area (Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands). NRCS will accept proposals from eligible entities that include federally recognized Native American tribal governments; state and local units of government; for-profit entities; nonprofits with or without a 501(c)(3) status with the IRS other than institutions of higher education; private institutions of higher education; and public and State-controlled institutions of higher education. Priority will be given to banks in states with significant numbers of individual wetlands, wetland acres, and conservation compliance requests. Based on NRCS data, these states are Iowa, Michigan, Nebraska, Wisconsin, Illinois, Minnesota, Indiana, South Dakota, Pennsylvania, Georgia, and Ohio.

Beneficiary eligibility

Mitigation banks established through this program are for the explicit and sole purpose of assisting agricultural producers with wetland conservation compliance, also known as Swampbuster compliance, through other USDA programs.

Credentials and documentation

Priority will be given to banks located in geographic areas with the largest numbers of individual wetlands and/or wetland compliance producer requests.

Uses of assistance

The intent of the program is for qualified third parties to operate and manage all aspects of a wetland mitigation bank with oversight by NRCS.

Length and time phasing of assistance

Projects may be up to 4 years in duration.

How to apply

Application procedure

If the program receives an allocation of funding the announcement and associated Federal forms for this program funding opportunity will be able to be viewed at www.grants.gov. See the Content and Format section for more information on the required forms and information.

Criteria for selecting proposals

The NRCS Projects Branch screens proposals for completeness and adherence to the provisions of the Announcement for Program funding. Proposals that pass the initial screening undergo a technical review carried out by a panel consisting of Federal employees with experience in wetland restoration and mitigation banking. The technical panel evaluates each proposal against the criteria in the Notice of Funding Opportunity and ranks all proposals to make funding recommendations to NRCS leadership. NRCS State Conservationists also review relevant proposals for duplication of existing efforts and ethical concerns and provide overall recommendations. The NRCS Chief makes the final award decisions.

Award procedure

NRCS uses a grant agreement to provide program funds to each selected applicant. The project budget period, amount of Federal assistance, terms and conditions of the award, and reporting requirements are described and provided to the selected applicants as part of this process.

Grant opportunities

Opportunity Status Posted Applications due
Wetland Mitigation Banking Program Fiscal Year (FY) 2026 USDA-NRCS-NHQ-WMBP-NOFO0001458 Closed
Wetland Mitigation Banking Program USDA-NRCS-NHQ-WMBP-24-NOFO0001315 Closed
NRCS's Wetland Mitigation Banking Program for Federal Fiscal Year 2022 USDA-NRCS-NHQ-WMBP-22-NOFO0001217 Closed
Notice of Funding Opportunity for NRCS's Wetland Mitigation Banking Program for Federal fiscal year (FY) 2022 USDA-NRCS-NHQ-WMBP-21-NOFO0001116 Closed
Notice of Funding Opportunity for NRCS's Wetland Mitigation Banking Program for Federal fiscal year (FY) 2020. USDA-NRCS-NHQ-WMBP-20-NOFO0001002 Closed

Grant awards

Award Recipient Federal obligations Awarded
To provide financial assistance to develop a wetland mitigation bank with credits acceptable for use in USDA wetland… NR266322XXXXG001 Minnesota Board Of Water And Soil Resources $994,815
O develop a wetland mitigation bank with credits acceptable for use in USDA wetland compliance under the wetland… NR265A12XXXXG001 Magnolia IL LLC $599,531
Provide an additional option in assisting producers with meeting their wetland conservation compliance responsibilities… NR255D21XXXXG003 Wetland Mitigation II $1,000,000
To provide financial assistance to develop a wetland mitigation bank with credits acceptable for use in USDA wetland… NR255F48XXXXG001 Wisconsin Department Of Natural Resources $981,488
2024 environmental markets conference NR243A750011C001 JT & A Inc. $19,800
This grant award is to expand wmbp opportunities for agricultural producers located in the state of wisconsin with… NR235F48XXXXG001 Wisconsin Department Of Natural Resources $811,112
To continue the south dakota wetland exchange program that produces sound methods for producers to meet swamp buster… NR236740XXXXG001 South Dakota Farm Bureau $998,830
Through a mitigation bank, producers can purchase offsetting wetland credits generated from previously drained (prior… NR235D21XXXXG001 Wetland Mitigation II $1,000,000
This project is a public-private partnership between iami, idals, and several area farmers and landowners to close… NR236114XXXXG002 Iowa Agricultural Mitigation Inc. $684,338
Project is funded from a national proposal to develop wetland mitigation banks in indiana NR2352KYXXXXG001 Magnolia Land Partners Inc. $696,412

Latest 10 of 28 listed here. See the rest on GovTribe.

Top recipients by federal obligations

Rank Recipient Federal obligations Share
1 Magnolia Land Partners Inc. $2,550,569 15%
2 Wisconsin Department Of Natural Resources $2,308,646 13%
3 Wetland Mitigation II $2,000,000 11%
4 Minton Environmental Consultants LLC $1,791,720 10%
5 Iowa Agricultural Mitigation Inc. $1,684,338 10%
6 South Dakota Farm Bureau $1,598,830 9%
7 Minnesota Board Of Water And Soil Resources $1,394,779 8%
8 Magnolia IL LLC $1,180,130 7%
9 Wildlife Mississippi $1,137,949 6%
10 Department Of Natural Resources $800,000 5%

10 of 14 recipients listed here. See the rest on GovTribe.

Federal obligations by fiscal year

Fiscal year Federal obligations
FY2026 $562,913
FY2025 $3,575,834
FY2024 $1,019,800
FY2023 $4,210,692
FY2022 $4,037,519
FY2021 $4,111,020

Quick answers

What is Assistance Listing 10.933?

Assistance Listing 10.933 is Wetland Mitigation Banking Program, a federal grant program run by National Resources Conservation Service (Department of Agriculture).

What is the CFDA number for Wetland Mitigation Banking Program?

Its CFDA number is 10.933: Assistance Listing numbers were called CFDA numbers before 2018.

How much funding has Assistance Listing 10.933 awarded?

28 grant awards under 10.933 have obligated $17,517,778 in federal funds to 14 recipients.

Who receives the most funding from 10.933?

The recipients obligated the most under Wetland Mitigation Banking Program are Magnolia Land Partners Inc. ($2,550,569), Wisconsin Department Of Natural Resources ($2,308,646) and Wetland Mitigation II ($2,000,000).

How much did 10.933 obligate in fiscal year 2025?

Grants under 10.933 obligated $3,575,834 in federal funds in fiscal year 2025.

Are there open grant opportunities under 10.933?

No opportunity listed under 10.933 is open now. The latest, Wetland Mitigation Banking Program Fiscal Year (FY) 2026, was posted on July 23, 2026.

On GovTribe

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