C C A A A A P P Agricultural Policy Analysis Center - University of Tennessee - 310 Morgan Hall - Knoxville, TN 37996-4519 www.agpolicy.org - phone: (865) 974-7407 - fax: (865) 974-7298 Tobacco Tobacco Policy & Policy & Economics Economics KY-TN Dark Tobacco Forum Springfield, TN November 7, 2006 presented by: Kelly Tiller
Tobacco Policy & Economics. presented by: Kelly Tiller. KY-TN Dark Tobacco Forum Springfield, TN November 7, 2006. Agricultural Policy Analysis Center - University of Tennessee - 310 Morgan Hall - Knoxville, TN 37996-4519 - PowerPoint PPT Presentation
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CCAAAAPP Agricultural Policy Analysis Center - University of Tennessee - 310 Morgan Hall - Knoxville, TN 37996-4519www.agpolicy.org - phone: (865) 974-7407 - fax: (865) 974-7298
regulations• Signup procedures and deadlines• Tax implications• §1030 like-kind exchanges• Tax basis of quota• Legal implications• Discounted lump sum options• Lump sum financial and tax implications• Post-buyout production and management • Investment and financial planning
considerations• Post-buyout marketing
CCAAAAPP
Other Policy IssuesOther Policy Issues• Federal farm bill legislation and alternatives• Labor markets and policies• Federal crop insurance and risk management• Bilateral and multilateral trade negotiations and
agreements• Federal disaster assistance and ad hoc assistance• Federal regulation of the tobacco product industry (FDA)• Other policies affecting the product industry
– Smoking restrictions and bans– Legal filings and actions – Health policy– Tax policy
CCAAAAPP
Tobacco EconomicsTobacco Economics• Competitiveness of U.S.
tobacco• Production economics
and efficiencies• Market efficiencies and
economics• World market trends• Tobacco production
budgets• Tobacco Info Online• TnFARMS representative
tobacco farms
CCAAAAPP
Future Industry Information NeedsFuture Industry Information Needs• Standardized and timely reporting of acreage,
yields, production– Geographically disaggregated– Traditional and non-traditional areas