Establishes preservation and grant program in Department of Agriculture for farmland in danger of being developed for certain industrial projects; appropriates $50 million to the State Agriculture Development Committee.

This bill creates a new program within the Department of Agriculture to help protect farmland that is at risk of being converted into warehouses for industrial use. It directs $50 million to the State Agriculture Development Committee to purchase land or development rights from owners who receive offers to sell their property for such industrial projects. The legislation gives the committee a first right to buy the land or its development rights at a fair price, allowing the state to prevent the conversion of agricultural land before a sale is finalized. Additionally, the program provides grants to the municipalities where the preserved land is located to support local efforts.