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NJ S724
Bill
Status
1/9/2024
Primary Sponsor
Douglas Steinhardt
Click for details
AI Summary
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Authorizes county agriculture development boards (CADBs) to establish mentoring programs where experienced farmers provide guidance and assistance to beginning farmers
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Allows counties and CADBs to resell or lease preserved farmland acquired in fee simple to beginning farmers at prices below what the county originally paid
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Defines "beginning farmer" as someone who has never farmed, has farmed in New Jersey for 10 years or less, or qualifies as a first-time farmer under federal tax code
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Requires resold or leased farmland to retain agricultural deed restrictions, with proceeds dedicated to farmland preservation purposes
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Permits the State's pro rata share of sale proceeds to be reduced to reflect the discounted price paid by beginning farmers
Legislative Description
Authorizes counties to establish mentoring programs for, and resell preserved farmland at reduced price to, and beginning farmers.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
1/9/2024