Wetland mitigation banking is the restoration, creation or enhancement of wetlands for the purpose of compensating for unavoidable impacts to wetlands at another location.
Wetland mitigation banking is commonly used to compensate for wetland impacts from development, but is also used for impacts from agriculture.
Producers can buy credits from wetlands mitigation banks to compensate for the impact of lost wetlands. When a mitigation bank is established, the landowner retains ownership and use of the property, while a conservation easement protects the wetlands from degrading activities. The size and scope of the wetland restoration, creation or enhancement activities determine the quantity of credits available for sale. The price of credits is negotiated between the buyer and seller.
Kentucky River Properties, along with our partner, Creek Bankers, has successfully established one bank site in Muhlenberg County, Kentucky (McNary), and a second in Warrick County, Indiana (Coles Creek). Our McNary site has 193.8 potential credits. Our Coles Creek site has 183.3 potential credits. Check availability at the sites below:
