Just got back from the meeting in the delhi warhouse, got a ticket on the way
, but anyways the long awaited buyout for tobacco farmers is indeed finalized. The federal government will be putting in 300 million or so and according the them the provincial government will put in the rest which comes to 1.74/lb no strings attached. Joe preston also noted that a large chunk of money in the hundred of millions will go to communities to help recover from the tobacco demise. This announcement was made two days after the big tobacco companies pleaded guilty to selling illegal cigs world wide and I assume the billion dollars they have to pay will fund this buyout, not the tax payers.
In all I think this is a great day for farmers, for the community and while some expected more than 1.74 I feel while short of what was needed it is atleast equal to the last one and will aid every farmer across the board. Also included in the agreement is some sort of new system for farmers who do not want the buyout and want to keep growing, me personally im tired of it all and im moving on.
Thanks to those that supported us on local boards, those who didnt and called us selfish I hope this plan with millions going to communities and no tax money used pleases you as well. To those that said the cons were liars and snakes and said they would never produce a buyout, you were wrong and sometimes keeping the faith does infact work.
I will use most the money to pay debts and I will be consdering a resturant/bar down the road if all works out well, but for now im gonna go buy a six pack and have a few cold ones under a shaded tree