Establishes State Agriculture Development Committee program preserving farmland in danger of being developed for warehouse purposes or other high-density development projects; appropriates $50 million from Global Warming Solutions Fund.

This bill creates a program for New Jersey's State Agriculture Development Committee to preserve farmland threatened by development for warehouses or other high-density projects. It appropriates $50 million from the Global Warming Solutions Fund to establish a "Protection of Farmland from Development Fund" to purchase fee simple titles or development easements on agricultural land. Landowners selling land for warehouse or high-density development must notify the committee, which then has the first right to purchase the land at terms matching or exceeding the landowner's offer. The committee must determine if land is suitable for preservation based on factors like regional agricultural significance, impact on farming communities, and environmental considerations. Any land acquired would be held by the state with agricultural deed restrictions to ensure it remains available for farming purposes.