Burley Tobacco Growers Enjoying Better Prices
Farmers growing burley tobacco in Kentucky and Tennessee are receiving some of the best crop prices they've seen since 2004. That's the last year the crop was sold under production and price controls established by the federal government.
Farmers have been receiving prices near or at $2 per pound this year. An early season drought had threatened the crop on some farms, but University of Kentucky Agricultural Economist Will Snell says 2012 has turned out to be a pretty good year for many burley growers. He says the prices received during this marketing season nearly match the prices that existed during the final year of federal production and price controls.