N.J. Admin. Code § 2:76-20.5

Current through Register Vol. 56, No. 16, August 19, 2024

Section 2:76-20.5 - Feasibility plan application contents and procedure

(a) An applicant agrees that, as a condition of approval for a farmland stewardship cost-share grant, a feasibility plan shall be prepared by a team of technical consultants.

(b) An applicant shall apply directly to the Committee for up to 50 percent of the cost of implementing a farmland stewardship project(s).

(c) The feasibility plan application shall include the following:

1. A full description of the current agricultural activities occurring on the land including: the type and quantity of crops, number of livestock, and/or acreage leased or used by others and the applicant for agricultural purposes;

2. A statement of the present financial situation of the farm including the gross farm income, copies of Internal Revenue Service forms Schedule F or 1120S for the three most recent tax years and a net worth statement;

3. A statement identifying any farm debt;

4. A statement indicating if the established farmer has income from employment other than farm income identified in (c)2 above;

5. A statement as to the established farmer's history of farm operation and management;

6. A statement as to the established farmer's history of agricultural education; and

7. Authorization for the Committee to visit, by appointment, the farmland which is the subject of the feasibility plan.

(d) The Committee shall advise the applicant of program provisions and policies that may assist the applicant in his or her completion of the feasibility plan application.

(e) The Committee may authorize its staff to carry out the functions necessary to administer the farmland stewardship cost-share grant program.

N.J. Admin. Code § 2:76-20.5