Establishes program for acquisition, by local government units and nonprofit organizations, of development easements on privately-owned woodlands.

This bill establishes a program allowing local governments and qualified nonprofit organizations to acquire development easements on privately-owned woodlands that support agricultural production. To qualify, woodlands must be at least five acres, managed with approved stewardship plans, supportive of existing farmland, and located in designated agricultural areas. The program would use funds from the Preserve New Jersey Farmland Preservation Fund to provide grants covering up to 80% of acquisition costs for local governments and 50% for nonprofits, with funding prioritized for farmland preservation first, farmland with appurtenant woodlands second, and woodlands supportive of farmland third. The easements would permanently restrict development while allowing landowners to maintain private ownership and property tax obligations.