Generally, the industry has shown approval for this level. Buying intentions for next year were submitted at 475.5 million pounds. After several years of highs and lows in buying intentions, this estimate was in the middle of previous estimates and keeps quota levels fairly stable. After expectations of a possible disaster in 1995, a buy-out agreement was reached and the 1995 intentions were 569.9 million pounds. The formula components and calculations for 1993-1996 are presented in table 1.
Effective quota is the basic quota plus or minus quota carryover from last year.
The calculations shown are for the total flue-cured belt. For individual farmers, the important figure is the quota for their own farm or quotas they rent. Based on this, it was likely the Secretary would choose an adjustment around the -3 percent discretion. This finalized the 1996 flue-cured basic quota of 973.6 mil. Flue-Cured Tobacco Formula Calculations.