Tobacco Leaf Farmers Due More Money

Less than a month after getting their first quota increase in four years, Virginia tobacco farmers and others who own the right to grow the crop got more good news yesterday.

A private board led by Gov. Jim Gilmore has approved $16 million in payments to partially compensate tobacco farmers and quota owners for income they have lost because of falling demand for the state's largest cash crop.

It will be the second round of payments tobacco producers have received from a $5.15 billion trust fund set up by major cigarette companies. . .

A 14-member private board appointed by Gilmore controls Virginia's share of the trust fund, about $340 million over 12 years.

source: Richmond Times-Dispatch
(Dec 30, 2000)
by John Reid Blackwell
(804) 775-8123

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