Sunday, November 8, 2009

Not Enough Tobacco!?

In the last 20 years the demand for tobacco has been too high for the supply. This is causing the price for tobacco to increase to an astounding number. Tobacco farmers are becoming richer and richer every year. These farmers keep the prices high, insuring that even a small amount of tobacco will bring in profit. According to a recent survey, the farmers who grow the most tobacco are the ones who make the most money.

I asked one farmer farmer who grows a small amount of tobacco why he doesn't grow more. He said, " I would, but it's too much work and would require me to buy more slaves, which cost money,". I can understand his point. Some people expect the demand for tobacco to increase even more over time. Will it? We'll just have to see.

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