TITLE

Federal tobacco program is history

AUTHOR(S)
Womack, Rocky
PUB. DATE
April 2005
SOURCE
Southeast Farm Press;4/6/2005, Vol. 32 Issue 10, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the federal tobacco program. On Oct. 22, 2004, U.S. President George W. Bush signed the American Jobs Creation Act of 2004. This included the Fair and Equitable Tobacco Reform Act that established the Tobacco Transition Payment Program. This program eliminates the federal tobacco-marketing quota and price support loan programs. In effect, this means that the federal government will no longer issue marketing cards and offer price support loans. Now, growers must operate under a free-market system. That means no restrictions by the government on how much a grower can plant or where he can plant.
ACCESSION #
16747756

 

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