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Tobacco Loss Assistance Program
Published on AidPage by IDILOGIC on Jun 24, 2005
Purpose of this program:
This program defrays tobacco production costs and enhances producers and quota-holders solvency. In the short-term, the cost to the government roughly equals the benefits paid to the tobacco producers. In the long-term, to the extent that these disaster payments protect tobacco producers from bankruptcy, the payments may also stabilize the small farm economy and thereby help achieve the public policy objective of the tobacco program.
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