Settlement FAQs

what happened to the flue-cured tobacco settlement

by Madie Oberbrunner Published 3 years ago Updated 2 years ago
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The Court has finally approved the $24 million Settlement with U.S. Tobacco Cooperative, Inc. ("U.S. Tobacco"), formerly known as Flue-Cured Tobacco Cooperative Stabilization Corporation, to resolve legal claims made by current and former U.S. Tobacco members over reserve funds.Mar 5, 2018

What is flue-cured tobacco used for?

Flue-cured tobacco tends to exhibit less mold than other types of tobacco. It has a low nicotine content and high sugar content, making it an ideal choice for smooth cigarette blends. It is one of the most popular options for those seeking to create their own mix of strains.

Where is flue-cured tobacco grown?

These tobaccos are grown in over 30 countries including Argentina, Brazil, China, Greece, Italy, Malawi, Mozambique, Spain, Tanzania, Turkey, and the United States. Virginia, or flue-cured tobacco, is also known as 'bright tobacco' because of the golden-yellow to deep-orange color it takes on during curing.

Do they still grow tobacco in the US?

The number of U.S. farms that grew tobacco or had the right to do so under federal quotas was 56,879 in 2002, according to U.S. Agricultural Census data. Today, there are only about 4,268 farmers growing tobacco, according to IBISWorld.

Are there still tobacco farms in Virginia?

In 2000, Virginia farmers harvested 25,900 acres of tobacco. By 2019, that had fallen to 17,940 acres. The number of tobacco farms has dropped even more dramatically, from 4,184 farms in 2000 to 306 in 2017. The trend has irreversibly been toward fewer farms with more acreage.

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