1、1 Paul L. Hollis, Tobacco Buyout Affects Outlook for 2005 Crops, Southeast Farm Press,December 29, 2004.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS22046Updated December 31, 2005Tobacco Quota Buyoutname redactedAgriculture Pol
2、icy SpecialistResources, Science, and Industry DivisionSummaryTobacco quota buyout legislation (Title VI of P.L. 108-357 (H.R. 4520) terminatedU.S. tobacco farm price support (nonrecourse loans) and domestic production controls(marketing quotas) after the 2004 crop year. An assessment on tobacco pro
3、ductmanufacturers and importers will generate about $9.6 billion over 10 years forcompensatory payments to tobacco quota owners and active tobacco producers.Beginning with the 2005 crop, there are no restrictions on who can grow and markettobacco, where it can be grown, and the amount that can be gr
4、own and marketed. (Thisreport will not be updated.)Tobacco quota buyout legislation (P.L. 108-357, Title VI, Fair and EquitableTobacco Reform Act of 2004) eliminated federal farm price support for tobacco at the endof the 2004 crop year. Tobacco quota owners and active producers will be paid about$9
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