Download or read book Post-Buyout Experience written by Erik Dohlman and published by DIANE Publishing. This book was released on 2010-02 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government enacted quota buyouts, in 2002 for peanuts and 2004 for tobacco. Elimination of the quota programs exposed producers more to market risks and brought about structural changes at farm, regional, and marketwide levels. Since the buyouts, many peanut and tobacco farms have exited production. Freed of the planting restrictions in the quota programs, production of peanuts, and to a lesser extent of tobacco, has been relocated to regions better suited to their growth. While total acreage and prices for peanuts and tobacco have remained below pre-buyout levels, the lower prices ¿ along with increased production efficiency ¿ have supported renewed growth in demand, particularly in export markets. Charts and tables.