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
Related News Stories
Adverse Weather Hurts DuPont Earnings
Cost of Carry Calculation
Stress Test for Borrowers
Ag Interest Rate Snapshot
Agricultural Adventure
CHS Expanding Propane Storage
Rags to Riches
DTN Retail Fertilizer Trends
Cargill Earnings Fall 28%
I-9 Audits Under Fire