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https://en.wikipedia.org/wiki/Tobacco_Price_Support_Program
In the United States the Tobacco Price Support Program used a combination of marketing quotas and nonrecourse loans to keep prices stable and higher than they would be otherwise. The tobacco quota limited production in order to raise prices. Nonrecourse loans allowed producers to hold tobacco stocks for long periods in order to balance supplies with market demand conditions.
http://www.congressionalresearch.com/95-129/document.php
The Price Support Program The tobacco price support program (first created in the 1930s along with other commodity support programs) existed only for the economic benefit of farmers. It was created for the purpose of supporting the income and stabilizing the price of tobacco received by farmers.
https://www.ers.usda.gov/webdocs/publications/41156/14942_aer789a_1_.pdf?v=41318
sive than tobacco from most competing countries, but quality is also high. Johnson (pp. 104-106) explains how the pricing of different grades in the tobacco price support system may have provided an incentive to sub-stitute imported tobacco for lower quality domestic …
http://nationalaglawcenter.org/wp-content/uploads/assets/crs/95-129.pdf
The tobacco price support program (first created in the 1930s along with other commodity support programs) existed only for the economic benefit of farmers. It was created for the purpose of supporting the income and stabilizing the price of tobacco received by farmers. By law, the choice of whether or not federal support would be
https://www.npr.org/templates/story/story.php?storyId=1382301
Aug 01, 2003 · Tobacco Price Support System Could Soon be History A decades-old price support program for tobacco could soon be history. Congress is considering a …
https://www.farmprogress.com/contracting-worries-tobacco-growers
Some farmers had their burley tobacco partially rejected by companies last season and went to the auction. DeLoach says the situation is a double-edged sword. Farmers who do not sign contracts are, in effect, “propping up the program and the support system …
https://www.irs.gov/pub/irs-utl/farmers_atg_chapter_10.pdf
The government price support system mandates a market price much higher than the price of foreign produced tobacco. Over time, the demand for U.S. produced tobacco has sharply declined, with domestic and foreign buyers turning to non-U.S. suppliers. The U.S. tobacco production fell by forty eight percent from the early 1980s to the late 1990s
https://naldc.nal.usda.gov/download/38258/PDF
how the pricing of different grades in the tobacco price support system may have provided an incentive to sub-stitute imported tobacco for lower quality domestic leaf. U.S. manufacturers blend low-priced foreign cig-arette leaf with quality U.S. grades to achieve desired characteristics at lower costs.
https://www.encyclopediavirginia.org/Tobacco_in_Colonial_Virginia
Relatively cheap labor, a growing population of middling planters, the increasing worldwide demand for tobacco, and a system of regulation designed to maintain the quality of the product all contributed to the creation of a tobacco industry in Virginia, especially in the Piedmont area.
https://www.npr.org/2014/10/24/357947259/tobacco-farmers-lose-longtime-safety-net
Oct 24, 2014 · The last tobacco subsidy payments go to tobacco farmers at the end of this month. The government program was intended to help growers transition out of a …
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