NJ A4031

County agriculture development boards may acquire agricultural equipment through purchase, long-term lease, donation, or shared-use agreements and lease it to farmers under terms including payment schedules, maintenance obligations, and insurance requirements.

Boards must prioritize leases supporting new and beginning farmers, those with demonstrated financial need, and programs promoting sustainable agricultural practices or providing access to otherwise cost-prohibitive equipment.

Participating boards are required to publish program procedures on their websites, maintain lease records, and submit annual reports to the State Agriculture Development Committee on lease activity, equipment types, and program finances.

The State Agriculture Development Committee may provide grants or financial assistance to boards for equipment acquisition, storage, maintenance, transportation, insurance, and administrative costs.

The Department of Agriculture may establish incentive programs including tax credits, liability protections, and cost-share arrangements to encourage established farmers and equipment owners to participate in the leasing programs.