Fifteen years ago this month, tobacco companies agreed to pay states billions of dollars in the largest civil litigation settlement in US history. Georgia has received about $2 billion from the settlement. So, where did that $2 billion in tobacco settlement money go?
Georgia’s tobacco acreage is expected to hold steady this year, thanks to a new buyer in the state and high demand in Asia. Tobacco acreage has been dropping for two decades. Experts expected fewer acres of the crop to be planted this year, but now estimates from the U.S. Agriculture Department project Georgia farmers will plant about 11,000 acres of tobacco, the same amount as last year.