FARM BUSINESS NEWS
Grand Illusion
Todd Neeley DTN Staff Reporter
Mon Feb 4, 2013 11:45 AM CST

OMAHA (DTN) -- A U.S. bankruptcy court in Michigan is set to auction off, on Feb. 5, assets worth tens of millions of dollars, including hundreds of unexpired land leases from Decatur, Mich.-based Stamp Farms LLC following the farm's filing for Chapter 11 protection in November.

The farm and its related businesses claimed assets valued at $131 million and a net worth of $39 million barely a year ago, its lender told the U.S. Bankruptcy Court Western District of Michigan. By July those assets had dwindled to about $93 million, an audit found. Now the court is seeking bids to ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Farming on the Mother Road - 5 Chris Clayton has been continuing his trip looking at the state of agriculture along historic Rou...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet What can I do to prevent the spread of facial warts in my herd?
Related News Stories
Woodbury: Farm Family Business
Klinefelter: By the Numbers
Ag Interest Rate Snapshot
Tyson to Sell Heinold Unit
US Farm Incomes Forecast to Fall
Minding Ag's Business
Minding Ag's Business
DTN Ag Business Benchmark
Rents Resist Price Relief
Minding Ag's Business