Tobacco Price Support: An Overview of the Program
Description:
Over 93% of U.S. tobacco production is flue-cured and burley (both being cigarette tobacco types). These crops are particularly important to the agriculture of North Carolina (where flue-cured is grown) and Kentucky (where burley is grown). Together, these two states produce 65% of the total U.S. tobacco crop. The federal tobacco price support program is designed to support and stabilize prices for farmers. It operates through a combination of mandatory marketing quotas and nonrecourse loans. M…
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Date:
July 6, 1998
Creator:
Womach, Jasper
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department