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Economic Effects Of Intercounty Transfer Of Flue-Cured Tobacco Quota

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  • Hoover, Dale M.
  • Efstratoglou Todoulos, Sophia I.

Abstract

Regression analysis was used to estimate the relationship between quantities of quota and rental rates and between labor use, wages and quota for North Carolina for the years 1966 through 1969 and for each of the other flue-cured tobacco producing states for the years 1966 through 1968. The impact of probable changes in aggregate quota and the wage rate of hired labor on rental rates within counties was estimated using regression coefficients. The estimated reservation demand curves for county quota markets were used to project transfers of quota between counties which might occur if wider transferability was allowed. The rental rate which might prevail within the state under various transfer rules was also estimated. In no case did the estimates vary greatly from average observed rental rates. Large quantities of quota were projected to move from the Old and Middle Belts to the Eastern and Border Belts. Estimates of the transfers across state boundaries under various program rules were also made. The impact of the hypothetical transfers across county lines on the efficiency of production and the distribution of income was also estimated. While aggregate gains within North Carolina could be substantial, producers in high-rent counties and owners in low-rent counties would gain while producers in low-rent counties and owners in high-rent counties would lose from the initiation of a statewide quota transfer program.

Suggested Citation

  • Hoover, Dale M. & Efstratoglou Todoulos, Sophia I., 1973. "Economic Effects Of Intercounty Transfer Of Flue-Cured Tobacco Quota," Department of Economics and Business - Archive 259736, North Carolina State University, Department of Economics.
    • Handle: RePEc:ags:ncbuar:259736
    DOI: 10.22004/ag.econ.259736
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    References listed on IDEAS

    as
    1. Hoover, Dale M., 1967. "LEASE AND TRANSFER OF FLUE-CURED TOBACCO MARKETING QUOTA AMONG FARMS For the 1966 and 1967 Crop Year: A Preliminary Report," Department of Economics and Business - Archive 259526, North Carolina State University, Department of Economics.
    2. Davis, Bob & Chappell, J.S., 1969. "Alternative Tobacco Harvesting And Curing Systems For The North Carolina Coastal Plains," Department of Economics and Business - Archive 259530, North Carolina State University, Department of Economics.
    3. Rueben C. Buse, 1958. "Total Elasticities—A Predictive Device," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(4), pages 881-891.
    4. Egbert, Alvin C. & Heady, Earl O., 1961. "Regional Adjustments in Grain Production A Linear Programing Analysis," Technical Bulletins 170816, United States Department of Agriculture, Economic Research Service.
    5. B. Delworth Gardner & Herbert H. Fullerton, 1968. "Transfer Restrictions and Misallocations of Irrigation Water," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 556-571.
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    Cited by:

    1. Goodwin, Barry K. & Sumner, Daniel A. & Sparrow, D. Arthur, 1987. "Identification And Estimation Of Underlying Market Supply Function Parameters For A Commodity With Mandatory Output Controls," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270139, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Rucker, Randal R & Thurman, Walter N & Sumner, Daniel A, 1995. "Restricting the Market for Quota: An Analysis of Tobacco Production Rights with Corroboration from Congressional Testimony," Journal of Political Economy, University of Chicago Press, vol. 103(1), pages 142-175, February.
    3. Grise, Verner N. & Shugars, Owen K. & Givan, William D. & Hoff, Frederic L., 1975. "Structural Characteristics of Flue-Cured Tobacco Farms and Prospects for Harvest Mechanization," Agricultural Economic Reports 307522, United States Department of Agriculture, Economic Research Service.
    4. Chvosta, Jan & Rucker, Randal R. & Thurman, Walter N., 2001. "Peanut Quota Markets And Peanut Production After Fair," 2001 Annual meeting, August 5-8, Chicago, IL 20557, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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