The 2002 Farm Bill affects economic activity of farms and ranches in the southern United States. Using stochastic simulation techniques, key financial variables were projected for 39 representative farms and ranches in ten southern states. Results indicate 24 of 39 farms studied have more than a...

The objective of the paper is to establish an empirical relationship between household characteristics and tobacco growers’ perception of the impact of the FDA regulation. A logistic model is applied on primary data that came from the Center for Tobacco Grower Research’s (CTGR’s) 2011 mail...

This study examines the impact and efficiency of the design of the Fair and Equitable Tobacco Reform Act of 2004 in deregulating the tobacco production industry. Results offer a number of policy implications of which deregulation of an economically challenged industry can be achieved without the...

Expectations abound that a tobacco quota buyout will soon materialize. This paper provides a description of major elements of proposed tobacco quota buyout legislation. An input-output model is used to estimate the economic impacts-total output, value added, and employment-of a quota buyout on...

The “Family Smoking Prevention and Tobacco Control Act” was signed into law on June 22, 2009. The bill grants the Federal Food and Drug Administration (FDA) an authority to regulate the manufacturing and marketing of tobacco products. Tobacco leaf is not subject to the regulation. As a...

Interest in a tobacco quota buyout is at an all time high with several tobacco quota buyout and transition bills before Congress. This paper reviews major elements of buyout proposals and estimates the economic impacts of proposed buyout legislation on four representative Tennessee tobacco farms.

The Family Smoking Prevention and Tobacco Control Act of 2009 (FSPTCA) became federal law on June 22, 2009, authorizing the U.S. Food and Drug Administration (FDA) to regulate the manufacturing and marketing of tobacco products in the country. This study examines the potential economic welfare...

As traditional methods of municipal solid waste management (MSWM) become increasingly expensive due to increased regulation, many local governments are considering cooperation as a waste management strategy. A theoretical model is used to specify a partial observability probability model to...

The farm level economic implications of the political turmoil surrounding tobacco are examined. Tobacco ranks first in crop receipts in the Southeastern United States. Free market advocates typically want to eliminate the tobacco program because of its cartel-like nature. Health advocates want...