What does the end of the tobacco buyout mean?
Story Date: 12/5/2013

Source: SOUTHEAST FARM PRESS, 11/27/13

  • The Tobacco Transition Payment Program last payment is scheduled for January 2014. As of 2012, $4.11 billion had been paid directly to tobacco growers and $5.85 billion directly to former quota owners.
  • Concerns have been raised that as soon as the payments end there will be a large exodus of tobacco producers.

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