Government policy responses | Changes in revenues for quota owners ($ million) | Changes in revenues for farmers ($ million) | Changes in combined revenues for quota owners and farmers ($ million) |
---|---|---|---|
Fix tobacco quota and reduce tobacco price support level | −116 | 0 | −116 |
Maintain tobacco price support level and reduce tobacco quota | +22 | −264 | −242 |
Reduce tobacco price support level and tobacco quota simultaneously | −116 to +22 | −264 to 0 | −242 to −116 |
↵1-150 Assuming an increase in cigarette taxes by 75 cents/pack and in the smoking restriction index by 0.5.
Source: Brown.25