Tobacco Buyout

A picture of a pack of Newport cigarettes.
Officer / Wikipedia

Reynolds American and the Lorillard Tobacco Company are expected to approve a $27.4 billion buyout at shareholders' meetings later this month. The move is part of a new generation of smoking where rolled cigarettes are giving way to e-cigarettes, raising the question of whether tobacco will actually be a part of Tobacco Road in the future. Host Frank Stasio talks with Richard Craver, reporter for the Winston-Salem Journal, and Andrew Brod, economics professor at UNC-Greensboro, about the evolution of the tobacco industry in North Carolina.

Stanley Hughes
Leoneda Inge

The federal tobacco buyout program has officially ended.  The last of the tobacco buyout checks are being distributed this month.

The program, officially known as the Tobacco Transition Payment Program (TTPP),  was started to help farmers transition from the Depression-era quota system to the free market. 

North Carolina has fared pretty well during the transition: