Wetlands

From a land deal for a client back in November 2018, my client paid $18,500 for 4.1 credits for about 2/10 of an acre in NELA. they purchased it from an Mitigation Bank that represents a land-owner LLC holding company.

Also, to complete the deal, you need a Wetlands Mitigation Banking Agreement with a Mitigation Review Team comprised of USACE, US Dept Interior, EPA, and LDWF that delineates the wetland credits for sale, and your wetlands that will be mitigated.

We also learned that most wetlands acreage/credits in Louisiana are already owned by LLC holding companies owned by O&G exploration companies. So if you can even find some for sale, they set their selling price based on supply & demand. And most O&G needs to hold the credits for their own operations & pipleline work.

I'm sure a quick Google search will yield several mitigation banks in the area. I'm guessing the per acre fee in that area is about $10k. And you may need to mitigate at 3 or 5 or even 10 to one depending on the site. Then of course all the Admin charges and site evaluation charges above that.

Andrew Harrison in BR knows this shite up and down, and probably has some credits for sale.

If its bottom land hardwood wetlands like $60k per acre. If its Cypress Tupelo wetlands $100k per acre. If its pasture/cattle wet around $30k per acre. You need to hired an Environmental Professional who knows how to work with the Corps. The CORPS dictates which mitigation banks you are allowed to used based on the "quality" of your wetlands.

Last project we did in St Tammany we used T. Baker Smith but there are a few other companies in area.