The Fair and Equitable Tobacco Reform Act is a component of the American Jobs Creation Act, passed in the United States in October 2004. The main component of the Fair and Equitable Tobacco Reform Act is the Tobacco Transition Payment Program (TTPP, otherwise known as the "Tobacco Buyout"), which was formalized by the

United States Department of Agriculture The United States Department of Agriculture (USDA) is an executive department of the United States federal government that aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and producti ...

in February 2005.

Tobacco Transition Payment Program

The Tobacco Buyout ended all aspects of the federal tobacco marketing quota and price support loan programs that were established by the

Agricultural Adjustment Act The Agricultural Adjustment Act (AAA) was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses. The government bought livestock for slaughter and paid farmers Subsidy, subsidies not to plant ...

in 1938. Beginning in 2005, there were no planting restrictions, no marketing cards, and no price support loans, all traditional components of tobacco agriculture in the United States. Along with the end of these policies, the Tobacco Buyout also entails the TTPP, which provides payments to tobacco quota holders and tobacco producers from 2005 to 2014.

External links

H.R.4033 - Fair and Equitable Tobacco Reform Act of 2004
Acts of the 108th United States Congress {{Agri-stub