WASHINGTON - USDA's Farm Service Agency on Monday announced provisions of the 2004 burley tobacco program, including the 2004 crop quota, support price and no-net-cost assessment.
The national marketing quota for the 2004 burley crop is 302.1 million pounds, up from the 2003 quota of 287.8 million pounds.
Marketing quotas limit the amount of tobacco a producer can sell in a given marketing year. For each farm, the basic quota will increase about 5 percent from 2003.
The 2004 quota is based on information in the table below:
* Purchase intentions by domestic cigarette manufacturers, 194.6 million pounds
* Unmanufactured exports (three-year average), 144.5 million pounds
* Reserve stock adjustment, -37 million pounds
During the 2003 marketing year, producers marketed about 60 million pounds less than the national effective quota. The "undermarketings" adjustment, however, is limited by statute to 28.8 million pounds (10 percent of the 2003 basic quota).