Section 1
SECTION 1. The Philippine Tobacco Board, upon recommendation of the agencies concerned, shall fix a reasonable and flexible floor price at which tobacco traders may buy all types of tobacco, except flue-cured Virginia tobacco, from the farmers based on prevailing factors and conditions such as: prevailing world market situations; production costs; reasonable margin of profit for the farmers, dealers, manufacturers and exporters; growing conditions which affect quality of production such as soil and weather, pest infestations; and other relevant factors and conditions The said floor prices may be amended by the Philippine Tobacco Board as it may deem necessary and warranted for the good of the tobacco industry and warranted for the good of the tobacco industry. SEC. 2. Only persons duly authorized by the government agencies concerned shall be allowed to buy leaf tobacco directly from the farmers.