Page 159 - Inflation-Reduction-Act-Guidebook
P. 159

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                                 Payments to Private Forestland Landowners for
                                        Implementation of Forestry Practices



               Federal Agency: Department of Agriculture
               Bureau or Office: Forest Service



               IRA Statutory Location: 23002(a)(4)

               Program Description: To assist states and other eligible entities in providing payments to
               private forestland landowners for implementation of forestry practices on private forest land that
               provide measurable increases in carbon sequestration and storage beyond customary practices on
               comparable land.

               Funding Amount: $50,000,000

               Period of Availability: To remain available until September 30, 2031.


               Funding Mechanism: Grants

               New or Existing Program: New

               Eligible Recipients: Non-Industrial Private Forests

               Tribal Eligibility: Yes


               Eligible Uses: Financial assistance to private forestland landowners

               Cost Share Requirements: 20%

               Formula Funding: No

               SAM.gov Assistance Listing: TBD























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