Business / Agriculture / Flue-Cured Tobacco: A type of cigarette tobacco, it and burley tobacco account for more than 90% of U.S. tobacco production. Flue-cured tobacco production is limited by national marketing quotas and acreage allotments, and is eligible for nonrecourse price support loans. Flue-cured production is centered in North Carolina.
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Business / Agriculture / Tobacco Price Support Program: The tobacco price support program uses a combination of marketing quotas and nonrecourse loans to keep prices stable and higher than they would be otherwise. The marketing quotas limit production in o MORE
Business / Agriculture / No Net Cost Tobacco Act Of 1982: P.L. 97-218 (July 20, 1982) required that the tobacco price support program operate at no net cost to taxpayers, other than for the administrative expenses common to all price support programs. To sat MORE