 NEWS
Farm Service Agency
Public Affairs Staff
1400 Independence Ave SW
Stop 0506, Room 3624-South
Washington, D.C. 20250-0506
Release No. 1748.01
Jillene Johnson (202) 720-9733
jillene_johnson@wdc.usda.gov
USDA ANNOUNCES PROVISIONS OF THE 2002-CROP FLUE-CURED
TOBACCO PROGRAM AND NO NET COST ASSESSMENTS
WASHINGTON, December 14, 2001--The U.S. Department of
Agriculture today announced the provisions of the 2002
flue-cured tobacco program and that the flue-cured tobacco
no-net-cost assessment will be 5 cents on each pound of
2002-crop flue-cured tobacco that is marketed. USDA set the
no-net-cost assessments at 2.5 cents per pound for the
producer and 2.5 cents per pound for the purchaser for crop
year 2002.
The national marketing quota for the 2002 crop is
582.0 million pounds, up from the 2001 quota of 548.9
million pounds and is based on the following:
Million pounds
-- Purchase intentions by domestic
cigarette manufacturers: 310.0
-- Unmanufactured exports (3-yr. average): 249.9
-- Reserve stock adjustment: 22.1
-- Discretionary adjustment: 0.0
The national average yield goal remains unchanged at
2,088 pounds per acre.
The price support level for the 2002 crop is $1.656
per pound, down 0.4 cent per pound from 2001.
The national acreage allotment for the 2002 crop is
278,736 acres, up 6.3 percent from the 2001 allotment of
262,253 acres.
For each farm, the 2002 basic quota will increase
approximately 6.0 percent from 2001.
The effective quota is expected to be about 566
million pounds, or 3.7 percent above 2001.
The Flue-Cured Tobacco Cooperative Stabilization
Corporation, the producer-owned association through which
price support is made available for flue-cured tobacco, was
consulted before the no-net-cost assessments were set.
Further program information is available from Dan
Stevens, telephone (202) 720-5291 e-mail address
dan_stevens@wdc.usda.gov
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