The U.S. Department of Agriculture (USDA) is investing $7 million to support the development of wetland mitigation banks for agricultural producers through the Wetland Mitigation Banking Program (WMBP). Through wetland mitigation banks, wetlands are restored, created or enhanced, generating credits that can be purchased by producers looking to compensate for unavoidable impacts to wetlands at another location. The funding is available to Tribes, government entities, nonprofits and other organizations.
“Wetlands provide important ecosystem services, like storing floodwaters and filtering pollutants, while also serving as critical habitat to wildlife,” said USDA’s Natural Resources Conservation Service (NRCS) Chief Terry Cosby.