New Jersey S1879 establishes a loan program to help farmers develop value-added agricultural products.
New Jersey S1879 mandates the New Jersey Economic Development Authority (NJEDA) to create the "Value-added Agriculture Loan Program." This program aims to assist farmers, cooperatives, and farmer-owned corporations or partnerships in processing or marketing value-added products. Each loan ranges from $5,000 to $10,000. The program seeks to generate new products, create and expand marketing opportunities, and increase producer income.
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