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| Brown, A. Blake; Martin, Laura L.. |
| Declining domestic cigarette consumption, increased global competition, and loss of import restrictions indicate decreased demand for U.S. flue-cured tobacco. The effects of 10% declines in domestic and export demand are evaluated under a policy of reducing quota to maintain price versus a policy of allowing price to fall to maintain quota. Changes in prices, quantities, revenues, and economic rents are simulated. Losses to nonfarming quota owners are minimized under a policy of price maintenance, while losses in revenues to tobacco-producing areas are minimized by a policy of quota maintenance. Aggregate losses to tobacco growers are greater under a policy of quota maintenance. |
| Tipo: Journal Article |
Palavras-chave: Flue-cured; Policy; Price reduction; Quota; Tobacco; Agricultural and Food Policy. |
| Ano: 1996 |
URL: http://purl.umn.edu/15112 |
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| Martin, Laura L.; Brown, A. Blake. |
| Excessive government losses and pressure from end users of peanuts have increased the likelihood of a peanut support price and quota reduction in the 1995 farm bill. This study analyzes the economic impacts of reducing the national quota support price on North Carolina farm income and rural communities. Effects of policies that reduce quota support price for Virginia-type peanuts from $675 per ton to levels of $600 and $500 per ton are estimated. Reductions in the quota support price have significant impacts on quota owners and peanut producing regions. A 10 percent reduction in quota and a $500 support price would result in a $43 million income reduction to North Carolina. |
| Tipo: Journal Article |
Palavras-chave: Peanut production; Peanut policy; Farm income; Agribusiness; Agricultural Finance; Demand and Price Analysis. |
| Ano: 1996 |
URL: http://purl.umn.edu/90380 |
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