The centre-half has made 89 appearances since joining the club in 2018, and was an integral part of the title-winning side in 2018/19.
The popular defender has also found the back of the net nine times, scoring some vital goals, including that memorable overhead kick against Bradford Park Avenue.
Higgins told FarsleyCeltic.com: “I’m signing up for my third season at Farsley now and I’ve really enjoyed my time so far. It’s a great club with some real honest, hardworking and good people.
“I have good relationships with all the players, staff and fans so it was an easy decision to stay in the end.
“Last season I think we competed well at times. It’s a strange one because although we knew we were the favourites to go down, we always knew we would compete because of the strengths we have. I think if the season would have been completed there is every chance we could have nicked a playoff place, which would have been a great achievement.
“Following the Darlington game, it was quite clear early on the season wouldn’t continue so it’s been a case of taking advantage of the time you never ever get whilst playing football. It’s the longest ‘off-season’ we’ve ever had but it’s been good to spend time with the family.
“Like all lads at this level, you have to keep on top of your fitness work. It’s difficult when you have no idea of a start date as you don’t want to push yourself too soon, so I’ve just been running, cycling and doing some home circuits - I feel good.”
The former Warrington man is also looking forward to making further strides forward next season, as he continued: “I think as a club we need to push forward this year and work together to achieve the best finish we can do.
“It’s going to be a bit more difficult this year with teams knowing a bit more about us at this level but if we remain consistent in how we play we’ll have another good season, I’m sure.”
Adam Lakeland added his thoughts after retaining the sought-after defender, saying: “I’m delighted that Jack has put pen to paper for next season.
“He’s a big player for us and a great presence not just on the pitch and in both boxes, but also off the pitch where he is a big character within our group. He has been outstanding for us since joining, he always puts his body on the line for his teammates, the staff and the club and he is another natural leader.
“It’s worth mentioning that Jack, like all of the other players who have committed to us for next season, have done so having been asked to reduce their wages from last season.
“I’d also like to say that Jack was offered good offers to play elsewhere next season, one of which in the league below was eye-watering and they pursued him almost daily for several weeks which is frustrating as a manager.
“However, Jack, along with a number of our players who’d been offered deals elsewhere, has committed to the club because he enjoys playing for Farsley, with this group of players and working under our management and we’re very pleased to have him on board again.”