Generally speaking, maybe 25 percent of the tobacco contract holders in our area have taken their buyout in a lump sum. It varies a little by county, but not much. |
It's amazing to me, the similarities between all of these counties as far as the percentage of contracts that are left. To me, it shows that there is still a lot of uncertainty among our producers about the tax liabilities they face and cash flow concerns. |
Just for an example, out of a total of 4,260 tobacco contracts in Montgomery County, 3,360 contracts are left that haven't been converted over to lump-sum transactions. |