Tobacco Transition Payments On Their Way

Payments are now being issued for quota holders and producers in the Tobacco Transition Payment Program (TTPP). The program, which began in 2005, ends in 2014 and provides 10 equal annual payments to quota holders and producers. Quota holders also will now have the ability to enter into successor-in-interest contracts that allow the transfer of remaining TTPP payments in exchange for a lump-sum payment. This round of payments totals more than $950 million. In all, approximately $6.25 billion will have been paid by the end of the program. Learn more.