The goal and purpose of the Torah covenant, for society as a whole, is that the Israelites will observe the Shmitah (Sabbatical) year, and that in doing so, they will repair the relationship with the Earth that was destroyed in the generations leading up to the flood. Essentially, the covenant with Abraham is meant to take one people and one land, and put them in a right relationship with each other, in order to create a model for how humanity should live. That model is found in the observance of Shmitah and the Jubilee.
A conceptual view of shmita from Yeshivat Gush Etzion
The Sabbatical Year basics: absolution of loans, desisting from all field work, and the spiritual objective of all the above.
A halachic look at shmita, kosher laws, and how it impacts the Diaspora.
A halachic look at shmita and kosher laws.
Jewish observance of shmita (alternatively spelled shemitah)—the sabbatical year, or seventh (sheviit) year—is changing. Historically rooted in agriculture, modern Jewish environmentalists are seizing upon the long-ignored environmental and social justice (tikkun olam) aspects of shmita as originally described in the five books of Moses, the Torah in the Hebrew Bible, the basis of Jewish law.