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Is FEASIBILITY STUDY FOR THE ORANGE COUNTY LIVESTOCK ASSOCIATION ORANGE COUNTY LIVESTOCK AUCTION MARKET DATE: April 22, 1987 Background The livestock auction market fa- cility in Hills- borough, N.C., owned by Goldkist, Inc., will cease to operate under its present contract on June 30, 1987. On that date, DCA General of Raleigh, who has bought the land on which the facili- ty stands, may exercise its right to take possesion of, the facility. The loss of these facilities in Orange County will impose hardship on certain livestock producers for whom the Hillsborough market was the best alternative. They could experience increased transport and shrink casts and express the fear that reduced competition in the area will allow market operators to charge higher marketing fees. As their representative, the Orange County-Livestock Association is interested in looking at auction market facility alternatives to be located somewhere in Orange County. The purpose of this report is to present a profitability statement for a feasible alternative auction market site in Orange County. The sponsors for this report are the the Orange County Livestock Association and the Orange County Extension Service. They have reason to believe such a report will give evidence that the construction of a new market can be justified. The also have reason to believe that Orange County may supply the land and structures for the new market, which then may be able to operate under favorable cost conditions as did the'old Hills- borough market. Focus of Report. This report will present 1) estimates of the size of animal populations and auction market services within a 50 mile radius of Hillsborough, 2) an analysis of the the costs and returns that could be expected to be earned by a new auction market facility located near Hillsborough, and 3) a discussion of the factors required for successful operation of a new market in this area.