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place may be short lived because of various market factors affecting tobacco industry sales in 1994. While turkey sales were up in 1994, other factors which influenced tobacco cash receipts’ fall to fifth place include: high production yields and a resulting large carry-over inventory into 1995. Tobacco sales in 1995 are likely to show an increase as inventories level off.
Virginia’s greenhouse and nursery industry held its position in sixth place with cash sales of $128.7 million, followed by soybeans in seventh place with cash sales of $81.8 million; peanuts in eighth place with cash receipts of $80 million; hogs in ninth place with cash receipts of $71 million and eggs in 10th place with cash receipts of $69.5 million.
Hogs fell from seventh to ninth place largely because of the low prices in 1994; hog production, however, remained fairly constant.
“We talk about agriculture being big business in Virginia. Nothing brings this fact home as clearly as the cash receipts. Cash receipts represent what farmers receive at the first point of sale, and this year cash receipts totaled more than $2.2 billion,” said J. Carlton Courter III, Commissioner of the Virginia Department of Agricultural and Consumer Services.
“When you add what products bring in after processing, and the direct and indirect effects of these products, agriculture is a $25 billion industry which accounts for one in seven jobs in Virginia. In many ways, it is the foundation of our economy,” Mr. Courter added.
Direct government payments to Virginia farmers represent only 1.6 percent of cash receipts.
96.4%