TITLE

Weigh tobacco buyout payments wisely

AUTHOR(S)
Womack, Rocky
PUB. DATE
April 2005
SOURCE
Southeast Farm Press;4/6/2005, Vol. 32 Issue 10, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the tobacco quota buyout payments received by the quota holders and tobacco growers in Brazil. If quota holders and growers wish to receive a lump-sum payment, they can accept an assignment contract or a successor- in-interest contract from a third party. Under an assignment contract, a third party or financial institution will pay out a lump-sum to the quota holder or grower in return for the rights to part of that payment over a specified period. The quota holder or grower will continue to retain ownership of the contract while the financial institution or third party holds it for them. All parties must abide by the terms of the contract. Those electing to go with assignments may begin the process in Fiscal Year 2005.
ACCESSION #
16747754

 

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