NJ S1715

Establishes the "Value-added Agriculture Loan Program" administered by the New Jersey Economic Development Authority in consultation with the Department of Agriculture to help farmers develop and market value-added agricultural products.

Provides loans between $5,000 and $10,000 to eligible farmers, cooperatives, and farmer-owned corporations or partnerships for planning activities (feasibility studies, business plans) and working capital expenses (processing costs, marketing, advertising, inventory, salaries).

Requires loan applicants to be New Jersey residents, use the loan for a farm located in the state, and materially and substantially participate in farming operations.

Defines "value-added product" as changing the physical state or form of food/agricultural products, producing them in a manner that enhances value, or physically segregating commodities to increase their value.

Authorizes NJEDA to set interest rates and loan terms, require audited financial statements, establish default provisions, and cooperate with federal agencies including the USDA Consolidated Farm Service Agency and Federal Land Bank.