Tobacco Auctions NPR's Adam Hochberg reports that tobacco auctions are fast being replaced by direct purchases between cigarette companies and tobacco farmers. Seventy percent of the nation's tobacco was sold under contract this year. Across the south, warehouses that used to host auctions are seeing business disappear. Tobacco companies say the auction system is inefficient and they prefer to contract with the farmer.
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Tobacco Auctions

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Tobacco Auctions

Tobacco Auctions

Tobacco Auctions

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NPR's Adam Hochberg reports that tobacco auctions are fast being replaced by direct purchases between cigarette companies and tobacco farmers. Seventy percent of the nation's tobacco was sold under contract this year. Across the south, warehouses that used to host auctions are seeing business disappear. Tobacco companies say the auction system is inefficient and they prefer to contract with the farmer.