Book Description

Excerpt from Tobacco Outlook and Situation, Vol. 186: December 1983 Legislation was signed November 29 that freezes 1984 price supports for flue cured at the 1982-1983 level and also allows the Secretary of Agriculture to freeze supports on other types. In addition, the new law permits the Secretary, upon request of the flue-cured Stabilization Cooperative, to reduce price supports on less market able grades of flue-cured tobacco. The legislation abolishes leasing of flue-cured quotas beginning in 1987. Total u.s. Tobacco production this year is forecast at billion pounds, 30 per cent below last year's large crop. Declines in both acreage and yield reduced the crop to the smallest total since 1941. The outlook for 1984 points to an increase in produc tion assuming average yields and a hike in effective burley quotas. Declines in both exports and domestic use will pull down total tobacco use in Domestic use of u.s. Tobacco has been hurt by weaker demand for cigarettes. Continued reductions in tobacco per cigarette, and greater use of imported burley and flue-cured in cigarettes. Although beginning stocks of tobacco were 8' percent higher this season than last, domestic supplies for are down 4 percent because of the sharply smaller crop. U.s. Tobacco use for this season will likely exceed the small production, leaving next summer's ending stocks about 4 percent lower than the billion pounds carried into this year. Domestic cigarette consumption for 1983 may be down 5 percent from last year. This decline, combined with a fall in exports, has led to a 5-percent drop in u.s. Cigarette output this year. Total cigarette consumption may increase a little in 1984 with a slowdown in price hikes and with the economic recovery, but per capita con sumption is likely to decline further. The volume of cigars and smoking tobacco con sumed will probably continue to decline. Output of chewing tobacco is down, but snuff production is up. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.