{
  "id": "RS21642",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS21642",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 104532,
      "date": "2003-10-14",
      "retrieved": "2016-04-08T14:36:23.195544",
      "title": "Comparing Quota Buyout Payments for Peanuts and Tobacco",
      "summary": "Legislation is pending in the 108th Congress ( S. 1490 ,  H.R. 3160 ) to\neliminate tobacco quotas and compensate quota owners (whether they are absentee owners or active\nproducers) at the rate of $8 per quota pound. Active producers would lose price support, but would\nreceive a lump sum transition payment of $4 per pound on their production history, including the\nquota they own as well as any quota they rent. A precedent for quota buyouts was established in the\n2002 farm bill, which terminated peanut quotas and compensated the owners with a $0.55 per pound\npayment. Active peanut producers continue to receive price support. A comparison of peanut and\ntobacco quota buyout rates shows that the two are substantially comparable (relative to past quota\nrental rates). However, current USDA budget projections indicate that continuing operation of the\npeanut subsidy program likely provides significantly higher benefits than the proposed tobacco\ntransition payment (relative to the costs of production of each commodity).",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
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          "format": "PDF",
          "encoding": null,
          "url": "http://www.crs.gov/Reports/pdf/RS21642",
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          "filename": "files/20031014_RS21642_fd1ac2955487fb792787a9515a87d579ad5c6fc7.pdf",
          "images": null
        },
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          "format": "HTML",
          "filename": "files/20031014_RS21642_fd1ac2955487fb792787a9515a87d579ad5c6fc7.html"
        }
      ],
      "topics": []
    }
  ],
  "topics": [
    "Agricultural Policy"
  ]
}