Requires NJEDA to establish "Value-added Agriculture Loan Program" to assist farmers in developing value-added products.

This bill directs the New Jersey Economic Development Authority to create a loan program specifically designed to help local farmers develop and market value-added agricultural products. Eligible recipients, including individual farmers and farmer-owned groups, can apply for loans ranging from $5,000 to $10,000 to cover costs such as processing, marketing, and business planning. To qualify, applicants must reside in New Jersey, use the funds for a state-based farm operation, and actively participate in farming activities. The program aims to generate new products, expand market opportunities, and increase producer income while allowing the authority to set interest rates and require financial statements to ensure borrower viability.