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 2004 federal tobacco buyout ended the longstanding tobacco quota and price support programs, and also eliminated all tobacco reporting requirements. Producers are adjusting to the free market with scant information. The 2006 Burley Tobacco Survey provides an initial glimpse of post-buyout...

This research estimates farm-level impacts of a potential ban on organophosphates and carbamates under the FQPA. Insecticide expenditure and first- and fifth-year yield impacts are estimated for five Tennessee representative farms. Results indicate that within five years, the ban could reduce...

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 in...

Using a stochastic version of the POLYSYS modeling framework, an examination of projected variability in agricultural prices, supply, demand, stocks, and incomes is conducted for corn, wheat, soybeans, and cotton during the 1998-2006 period. Increased planting flexibility introduced in the 1996...

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...

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...