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Morris Prepares To Save 10 Farms

Bank Of America Investment Morris County is ready to add 10 more farms to its roster of preserved land. It's just a matter -- as they said in "Jerry Maguire" -- of "show me the money."

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Investment Opportunity Gov. James E. McGreevey is expected to sign an appropriations bill in the next few weeks allocating $130 million for farmland-preservation statewide. When he does, Morris County officials and lawyers are ready to spring into action finalizing closings in the next three months totaling nearly $17 million for the 2003 preservation round.

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Banc Of America Investment That would bring the number of saved farms in Morris County to 75.

Federal farm assistance already was skewed to large grain and cotton farms. thirds of the $27 billion provided through other programs last year went to 10 percent of farm owners, the AP found. In a letter last week to fellow House members, Rep. Nick Smith ( voting record), Mich. said "unlimited government price supports for program commodities disproportionately skews federal farm aid to the largest producers.''

Banking Investment "We are ready to go, getting the closing documents ready," said county farmland-preservation director Frank Pinto. "We're glad the money is in the pipeline. We were concerned it was going to be approved much later this year."

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Investment Solution Strategic The county's preservation work for the 2002 program was backed up last year when the state delayed approving its portion of farmland-preservation funding until June, said officials.

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Investment Banking Services Farms to be added to the county's preservation list this year are mostly located in the prime agricultural belt in Washington and Chester townships. But there also are horse farms in Mendham Township and Harding that are to be preserved this year.

Bank Investment When the deals are completed, the county will have preserved more than 4,600 agricultural acres, larger than Pequannock at 4,566 acres and 18 of the county's other towns, at a cost of about $55 million, split almost evenly between state and county tax dollars. The county also has another 13 farms totaling 692 acres it hopes to enroll in the next round.

Alternative Investment In addition to saving farms, the state funds will reimburse Chester Township $6.1 million and Morris County about $1.8 million for farmland deals already made on development-threatened properties where delays may have jeopardized preservation.

Online Investment Services Chester Township, a town with an annual $6 million budget, took a gamble two years ago by spending $8 million to buy the 200-acre Schmitz Farm off Route 206 without a guarantee of reimbursement. Mayor Ben Spinelli said the township had to move quickly, and not wait to move through the bureaucracy of the state's preservation program, to keep the farm green.

Accompany Essential Investment It was a gamble that paid off. The town saved the farm, auctioned it to a private buyer last year for $3.24 million and will soon get $6.1 million from the state, resulting in a more than $1 million profit to be used for other open space and farmland-preservation projects, said Spinelli.

Investment Company "It worked out better than my wildest dreams," said Spinelli. "Now we've got some good momentum for our preservation effort."

Investment Management Solution The majority of preserved farms, 45, are located in Washington Township. There are just four in neighboring Chester Township, but five more are pending there.

Investment Management Services Pinto contends the county farmland-preservation program, which enrolled its first farm in 1987, has made a difference, especially in western Morris County.

Guide Investment Stock "Look at Long Valley, its character, lifestyle, the people who live there," said Pinto. "Farming has remained viable there. It's an investment of tax dollars that is paying off. I think Long Valley and the Chester Township area will always be looked at as farming communities, places you can buy a farm and be comfortable living there."

Investment Manual Solution Spinelli agreed, saying the more farms that are retained in an area, the better the climate for agriculture. A "critical mass of farms" is needed to maintain an agricultural community, including support services, he said.

Investment Stock Toward that goal, the county is working to create agricultural districts and obtain state planning incentive grants to finance preservation for consolidated regions, such as a Rockaway Valley Project Area in Denville, Boonton Township and Rockaway Township or the Mendham Valley Project Area including Mendham Borough and Mendham Township, said Pinto.

Essential Investment Solution By Lawrence Ragonese
Star-Ledger - 1/18/2004

Topic: Agriculture

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