What led to the tobacco quota buyout?

Womack, Rocky
April 2005
Southeast Farm Press;4/13/2005, Vol. 32 Issue 11, p3
Trade Publication
The article discusses the tobacco buyout imbroglio that took place in the U.S. a few years back. Tobacco growers now have a tobacco quota buyout. Either that is good or it is bad, depending on how each individual grower views it. Tobacco leaders tried so hard to pass a buyout, and almost everybody begged for relief from quota declines, high rents and inflated market prices that made competing in die world market almost impossible. U.S. growers continued to lose production to overseas farmers. So relief in the form of a buyout was the final option.


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