Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 4 of 9 · from the scan, no model involved
and son Rick with the family’s beef cattle business in Warren County.
Howard Duncan of Warren is a farmer with a real estate business on the side.
Last of the six individuals who put up the $300,000 “front money” to buy the market, Virgil Bates raises calves on his Warren County farm. He’s also vice-president of the Front Royal Savings and Loan Association. “Virgil is the only one of the original six investers who’s more of something else than a farmer. You’d have to say that his primary business is banking,” Massie reported.
Of that group, all buV Bates are members of the board of directors for the market, elected at the organizational meeting on August 28.
To date, stock in the business has been purchased by livestock producers from Rappahannock, Page, Clarke, Warren and Frederick counties, according to Massie. It’s for sale at $100 a share. “$5,000 is the most any one person can invest and stock is available only to livestock producers who live in Virginia,” Massie said. “We want to spread the shares around as jnuch as possible. We feel that an investment in the livestock market will serve as an inducement to producers to bring their own stock here for dispersal," he explained.
Once all shares are sold, a stockholders’ meeting will be called for election of a new board of directors with representatives from each of the counties in the market's catchment area.
92.8%