The County Agriculture Equipment Leasing Act authorizes county agriculture development boards in New Jersey to acquire agricultural equipment for lease to new and beginning farmers. The boards can obtain equipment through various means, including purchase, long-term lease, donation, or shared-use agreements, and may create incentive programs with established farmers to facilitate leasing privately owned equipment. The boards are empowered to set lease terms, which may include payment schedules, maintenance obligations, and insurance requirements, while prioritizing agreements that support new farmers, promote sustainable practices, and provide access to otherwise cost-prohibitive equipment.

Additionally, the bill mandates that participating boards publish procedures for managing lease agreements, maintain records, and report annually to the State Agriculture Development Committee (SADC) on their activities. The Department of Agriculture, in collaboration with the SADC, is authorized to establish programs and incentives to encourage equipment availability for new farmers, including tax credits and grants. The act aims to enhance access to agricultural equipment, thereby promoting farm viability and supporting the next generation of farmers in New Jersey.