Wednesday, August 17, 2005

Protecting Profits, I Mean Farmland

"Aug. 15 (Bloomberg) -- New Jersey, the most densely populated U.S. state, is investing more than $140 million to preserve farms from real-estate development.

The state is losing about 18,000 acres a year to developers and builders, according to the New Jersey Public Interest Research Group, a Trenton-based consumer-advocacy organization. New Jersey has lost more than half of its farmland since 1950, according to U.S. Census Bureau data. The state has about 9,600 farms."

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