Brown, A. Blake; Rucker, Randal R.; Thurman, Walter N. - In: Review of Agricultural Economics 29 (2007) 4, pp. 635-655
In 2004, Congress ended the sixty-six-year-old federal tobacco program, effectively deregulating production and prices. With deregulation came a buyout package, with cigarette manufacturers agreeing to pay more than $3 billion in present value to quota owners and farmers. While the dollar values...
