Appeal likely in tobacco ruling

Yancy, Jr., Cecil N.
January 2005
Southeast Farm Press;1/12/2005, Vol. 32 Issue 2, p1
Trade Publication
This article reports that a judge's ruling that releases tobacco companies from making phase II payments because of the tobacco buyout has left tobacco growers out in the cold. Tobacco companies in 1999 agreed to make $5.15 billion in phase II payments over 12 years to tobacco growers to compensate them for expected losses because of higher cigarette prices resulting from the $206 billion Master Settlement Agreement. Cigarette companies had already deposited three quarters of the 2004 payments when U.S. Congress passed the $10.1 billion tobacco buyout bill.


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