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But that was long before Hanes began moving much of its production offshore, and before the Tobacco Master Settlement Agreement (under which the tobacco companies agreed in 1998 to pay hundreds of billions of dollars in damages for harming people's health), the leveraged buy-out of RJR by a private-equity firm, the elimination of federal farm price support for tobacco and decades of anti-smoking advertising.
ECONOMIST: North Carolina builds on the legacy of the golden leaf
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Which is why it is so insane that the support price for milk will be defined by the ratio of farm to non-farm prices back a century.
FORBES: The Complete Stupidity Of The Looming Dairy Cliff: Milk To $7 A Gallon
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The OECD said its analysis showed agricultural tariffs and price support mechanisms "do a poor job" of providing income support for farm families, encouraging sustainable economic development, maintaining healthy rural communities, or protecting the environment.
BBC: NEWS | Business | OECD tries to revive Doha talks