In the 1940s, farmers in Lexington, North Carolina formed a co-op by buying one dollar shares of stock. They started in the feed and grain business, then moved on to auctioning beef cattle. Gradually different animals were added to the auction such as poultry, sheep, hogs, and opossum. Farm equipment is also sold at auction. On Tuesday mornings at nine o'clock there is a flea market which was started by the wives of farmers. The grounds of the Davidson's Farmers Livestock Market is located on old Highway 64.