US: Is 800K tobacco growers too many to split $340M?

Source from:  wctv.tv 04/20/2015

North Carolina's highest court will take up how many current and former tobacco growers in the Southeast have a stake in the $340 million reserve held by a non-profit cooperative established during an era of taxpayer subsidies killed a decade ago.

The state Supreme Court on Monday takes up the fight over money built up for decades by the Flue-Cured Tobacco Cooperative Stabilization Corp.

The Raleigh-based nonprofit created in the 1940s said the millions it's holding is a reasonable reserve though it's lost 99 percent of its membership since U.S. taxpayers quit underwriting crop prices in 2004.

The Supreme Court will weigh whether it's possible to sort out claims involving 800,000 past and present tobacco farmers or their heirs across North Carolina, South Carolina, Florida, Georgia, and Virginia. Enditem