The U.S. Division of Agriculture (USDA) introduced this month it’s investing as much as $5 million within the Wetland Mitigation Banking Program (WMBP). This grant program helps the event of mitigation banks to be used by agricultural producers searching for to take care of eligibility for USDA applications. Funds can be found to Tribes, state and native authorities entities, nonprofits and different organizations.
Since 2016, USDA’s Pure Sources Conservation Service (NRCS) has awarded 25 initiatives in 13 states. The 2018 Farm Invoice offered a chance for funding for this program via fiscal 12 months 2023. NRCS is prioritizing funds in states with massive quantities of wetlands in addition to massive quantities of producers with wetland willpower requests, together with Georgia.
Awardees could use WMBP funding to assist mitigation financial institution web site identification, growth of a mitigation banking instrument, web site restoration, land surveys, allowing and title searches, and market analysis. WMBP funding can’t be used to buy land or a conservation easement.
NRCS is accepting proposals from eligible entities via Grants.gov by Oct. 10, 2022.
To be taught extra about how WMBP is making a distinction in Georgia, click on right here.