0-9 a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Tobacco Price Support Program Tobacco Price Support Program The term 'Tobacco Price Support Program ' as it applies to the area of agriculture can be defined as ' The tobacco price support program uses a combination of marketing quotas and nonrecourse loans to keep prices stable and higher than they would be otherwise. The marketing quotas limit production in order to raise prices. Nonrecourse loans allow producers to hold tobacco stocks for long periods in order to balance supplies with market demand conditions. By law since 1982, tobacco loan program operations are required to function at no net cost to taxpayers. A no net cost assessment is collected on all leaf tobacco sold to build a reserve fund that reimburses the Commodity Credit Corporation for any losses of loan principal and interest'. Previous 5 Terms: Title 10 of the Code of Federal Regulations (10 CFR) TKE TMW TNDCY TNGT Next 5 Terms: tocodynamometer tocology tocophobia tod toe About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.