The discussion of rent-seeking in this chapter noted that peanuts could not be grown without licenses. The licenses could be sold to nonfarmers, and in fact, many of them were owned by firms that had nothing to do with farming, 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.