FARM BUSINESS NEWS
Cash Rent Backlash
Todd Neeley DTN Staff Reporter
Fri Feb 22, 2013 06:33 AM CST

OMAHA (DTN) -- Several hundred landowners could be breathing a sigh of relief. Chances are good the majority of the unexpired leases held by Decatur, Mich.-based Stamp Farms LLC will be assumed by the bulk bidder in a recent court-ordered auction, according to an attorney for Stamp Farms. That means back rents will be settled and landowners with above-market rents will escape standing in line with other non-secured creditors.

Michael S. McElwee, an attorney for Varnum LLP Attorneys at Law based in Grand Rapids, Mich., told DTN Wednesday the winning bidder, Dennis Boersen, owner of Boersen Farms Inc. based in ...

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