For it is a jubilee: this is additional repetition of previously given information which may be better left implicit here. See verse 10. Good News Translation, however, emphasizes the fact that the entire year is special.

Holy: see 2.3.

You shall eat what it yields out of the field: compare verse 6.

Quoted with permission from Péter-Contesse, René and Ellington, John. A Handbook on Leviticus. (UBS Helps for Translators). New York: UBS, 1990. For this and other handbooks for translators see here .