A new set of laws in New Jersey will direct more than $86 million toward farmland preservation. The legislation, introduced by Senator Michael Testa (R-01), was signed into law and aims to protect the state’s agricultural land.
“New Jersey’s farming heritage is not just a cornerstone of our economy, it’s a way of life,” said Sen. Testa. “With the Governor’s signature to preserve our precious farmland, we’re supporting generational family farms, protecting our open spaces, and ensuring that we keep the Garden State, the Garden State.”
The first bill, S-4524, allocates $34 million from constitutionally dedicated Corporate Business Tax (CBT) revenues to the State Agriculture Development Committee for county planning incentive grants focused on preserving farmland. The second bill, S-4531, provides an additional $52.8 million from CBT revenues and other sources for similar purposes.
These measures are intended to help maintain open spaces and support family-run farms throughout New Jersey.
