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Wetland Mitigation Banking - FAQ - Credits/Functional Assessment

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Credits/Functional Assessment

1. What is the difference between a commercial mitigation bank versus.an agriculture use mitigation bank?

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2. How will NRCS handle USDA producer eligibility issues that arise from a bank failure?

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3. Who sets the cost for the credits?

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4. Is there a framework for how you will determine how many credits a producer has to buy based on their wetland impacts?

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5. Can existing banks be amended to include agricultural credits or must it be stand alone?

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6. Will pre-bank development credits be given and available for sale similar to the Corps?

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7. What is the expectation for the life of a credit, once sold? Is a credit once sold expected to be cared for 1 year, 10 years, perpetuity?

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8. If a state does not have a functional assessment tool, can its development be part of the proposal?

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9. Would the agricultural mitigation credit need to remain within the same watershed?

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10. Can credits be purchased from a Minnesota bank to be used in North Dakota but in the same watershed?

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Eligibility, Evaluation & Payment - Part 1 | Eligibility, Evaluation & Payment - Part 2 | Corps of Engineers/CWA | Credits/Functional Assessment | Other

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