New Jersey Assembly Bill A2306

New Jersey 2022-2023 Regular Session

• Introduced: 2/7/22
• Refer: 2/7/22

Caption

Directs State Agriculture Development Committee to establish limited transfer of development rights program for permanent retirement of certain residential development rights on preserved farmland.

Impact

The introduction of this bill signifies a shift in the management of preserved farmlands, where owners are given the ability to capitalize on their assets by transferring development rights. This means landowners who may have previously been restricted from development can now find avenues for financial compensation while still contributing to the preservation of agricultural lands in New Jersey. The guidelines and regulations that will be developed in consultation with various stakeholders aim to facilitate a structured process for these transfers, ensuring that both the preservation of land and the rights of landowners are respected.

Summary

Assembly Bill A2306 aims to establish a limited transfer of development rights program specifically for owners of preserved farmland in New Jersey. The bill directs the State Agriculture Development Committee (SADC) to create a framework that allows for the permanent retirement of certain residential development rights on farmland that has already been preserved. This program is designed to allow landowners to transfer their development rights to specific receiving areas, thereby ensuring that preserved farmland remains undeveloped while possibly generating capital for the landowners. The provisions underscore the importance of balancing agricultural sustainability with controlled development in the state.

Contention

While the intention of A2306 is to promote the preservation of farmland, there may be points of contention among various stakeholders. Farmers and agricultural advocates may be concerned that the limitations on development rights could affect their ability to manage land flexibly in the future. Conversely, environmental groups may support the bill, seeing it as a critical measure to combat urban sprawl and protect rural land. The success of this bill will likely depend on how effectively the guidelines are crafted to meet the needs of landowners while upholding the overarching goal of agricultural preservation.