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| Dohlman, Erik; Foreman, Linda F.; Da Pra, Michelle. |
| When longstanding marketing quota systems were eliminated (“bought out”) in 2002 for peanuts and 2004 for tobacco, producers lost quota-related price supports and other quota system protections, and were exposed more directly to a market-oriented system. The nature of the peanut and tobacco marketing quota programs, the structure and magnitude of the buyouts, and market dynamics influenced the ensuing structural changes that occurred at the farm, regional, and aggregate market levels. Analysis of USDA’s Agricultural Resource Management Surveys (ARMS) on peanut and tobacco producers over a multi-year timeframe provides insights on, and a basis for comparing and contrasting the buyout impacts along multiple dimensions. Notable developments include a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Peanuts; Tobacco; Policy; Marketing quotas; Buyouts; Agricultural and Food Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/56355 |
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| Dohlman, Erik; Foreman, Linda F.; Da Pra, Michelle. |
| Marketing quota and price support programs for peanuts and tobacco were a longstanding feature of U.S. farm policy, from the 1930s until the Government enacted quota buyouts, in 2002 for peanuts and 2004 for tobacco. Quota owners were compensated with temporary payments, but elimination of the quota programs exposed producers more to market risks and brought about structural changes at farm, regional, and marketwide levels. Since the buyouts, many peanut and tobacco farms have exited production. The farms that remain are mostly larger and have adopted new risk management strategies, such as contracting. Freed of the planting restrictions in the quota programs, production of peanuts, and to a lesser extent of tobacco, has been relocated to regions better... |
| Tipo: Report |
Palavras-chave: Policy reform; Farm policy; Buyouts; Marketing quotas; Peanuts; Tobacco; Adjustment; Structural change; Agricultural and Food Policy; Industrial Organization; Institutional and Behavioral Economics; Marketing. |
| Ano: 2009 |
URL: http://purl.umn.edu/56628 |
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