Increases allowable amount of farmland preservation grants to nonprofit organizations.

Summary

The legislation changes the cost‑share formula used by the State Agriculture Development Committee so that qualifying nonprofit groups can receive up to 80% of the purchase price for development easements or fee‑simple titles on farmland, matching the rate already given to local governments. It applies to grants funded by the Garden State Farmland Preservation Trust Fund and requires any resale or lease of acquired land to remain under agricultural deed restrictions. The change aims to make it easier for nonprofits to preserve farmland and promote agricultural use.

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