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Tobacco Market Outlook from the Burley Growers Cooperative Meeting
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bell588
Posted 1/22/2017 09:53 (#5785333 - in reply to #5782248)
Subject: RE: Tobacco Market Outlook from the Burley Growers Cooperative Meeting


Thanks for the report, I grow dark tobacco in Western KY. We have had it better than burley producers since the buyout but this statement pretty much applies to us as well
" 2016 average price was roughly $1.92 per pound, which when adjusted for inflation, has declined by more than 20% since the federal buy-out in 2005. Future profitability will be directly tied to individual grower labor costs." Not the same price, but when adjusted for inflation we are growing it for less money. Hope for a better 2017.
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