New Jersey A5139 increases allowable farmland preservation grants to nonprofit organizations from 50% to 80%.

New Jersey A5139 amends the Garden State Farmland Preservation Trust Fund to increase the allowable amount of cost-share grants for farmland preservation projects. The bill raises the grant percentage from 50% to 80% for both development easements and fee simple titles on farmland, aligning the grant rate for nonprofits with that for local government units. Farmland acquired through these grants will be resold or leased with agricultural deed restrictions, ensuring continued agricultural use.

New Jersey A5139 increases allowable farmland preservation grants to nonprofit organizations from 50% to 80%.

New Jersey A5139 amends the Garden State Farmland Preservation Trust Fund to increase the allowable amount of cost-share grants for farmland preservation projects. The bill raises the grant percentage from 50% to 80% for both development easements and fee simple titles on farmland, aligning the grant rate for nonprofits with that for local government units. Farmland acquired through these grants will be resold or leased with agricultural deed restrictions, ensuring continued agricultural use.