On the recordApril 9, 1998
And basically, it protects you by preserving the structure of the program you now have, so that when the co-op buys the tobacco, the farmers get the income immediately. The co-op holds the tobacco in storage until market conditions support the release of tobacco, its sale at an acceptable market price. Isn't that right? [Mr. Kuegel concurred with the President's summary and expressed concern about some of the other proposals in Congress.]
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