Question: The discussion of rent-seeking in this chapter noted that peanuts cannot be gown without licenses. The licenses can be sold to nortfarmers, and in fact, many of them are currently owned by firms that have nothing to do with farrning, such as insurance companies. Does this fact affect your view of whether or not it would be fair to eliminate the system of licenses for peanut farming? Include in your answer a discussion of the price that owners of the licenses have to pay for them.