Wetlands Reserve Program

The Wetlands Reserve Program (WRP) is a voluntary program offering landowners the opportunity to protect, restore, and enhance wetlands on their property. The USDA Natural Resources Conservation Service (NRCS) administers the program with funding from the Commodity Credit Corporation.[1]

Establishment

The WRP was established by the 1990 Farm Bill.[2] The 1990 Farm Bill was Senate Bill S.2830 and became Public Law No: 101-624. Amendment S.AMDT.2406 (sponsored by Senator Robert Kasten) added provisions to the program. Subsequent farm bills have amended the program.

Provisions

Producers enrolling in the program must agree to implement approved wetland restoration and protection plans. In return, participating producers receive payments based on the difference in the value of their land caused by placing an easement on a portion of it. The program reached its authorized enrollment ceiling of 1,075,000 acres (4,350 km2) before the 2002 farm bill (P.L. 107-171) was acted upon. The 2002 legislation reauthorized the program with mandatory funding from the Commodity Credit Corporation (CCC) through FY2007, and set a maximum enrollment ceiling of 2.275 million acres (and with an annual enrollment ceiling of 250,000 acres).[3]

gollark: Not so risky that you could lose an *unknowable* amount of money.
gollark: Which probably means high premiums, which means people won't buy it and then complain when something bad happens.
gollark: Pandemic insurance which didn't run on the government strategy of "just borrow tons of money and hope it doesn't break things" would need lots of money saved.
gollark: Same here with "national insurance", allegedly, but it just goes into the main government moneypile.
gollark: They give you money if you're unemployed *maybe* subject to some preconditions because government, and you *maybe* pay taxes (here, people below a certain income don't).

See also

References
  1. Wetlands Reserve Program of the Natural Resources Conservation Service, USDA
  2. Program Status - Wetlands Reserve Program
  3. CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition - Order Code 97-905
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.