A 4979
Requires NJEDA to establish "Value-added Agriculture Loan Program" to assist farmers in developing value-added products.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires the New Jersey Economic Development Authority (NJEDA) to create a ‘Value-added Agriculture Loan Program’ to assist farmers, cooperatives, and farmer-owned businesses in developing and marketing value-added agricultural products. Loans offered through the program would range from $5,000 to $10,000, with the goal of generating new products, expanding marketing opportunities, and increasing producer income. Farmers applying for loans would need to be New Jersey residents, use the funds on a New Jersey farm, and actively participate in farming activities.
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