NEWS
No Farm Too Big to Fail
Marcia Zarley Taylor DTN Executive Editor
Fri Mar 22, 2013 06:48 AM CDT

WASHINGTON, D.C. (DTN) -- No question Goliath banks on Wall Street are too big to fail. The same can't be said of the Goliath grain farms fed by the adrenaline of $6 corn since 2006. In fact, the recent bankruptcy of 46,000-acre Michigan farmer Michael Stamp is focusing lender scrutiny on how vulnerable such operations will be in the next commodity downturn.

Stamp Farms LLC and its related businesses in Decatur, Mich., owed approximately $94 million, including $63 million to Wells Fargo, at the time of its filing last November, according to court records. At the same time, Stamp's assets ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
Cash Rent Reset - 1
Cash Rent Reset - 2
Iowa Land Gets a Bounce
Klinefelter: By the Numbers
The Great Water War
Midwest, Plains Farmland Values Lower
Something in the Water
WOTUS Document Dump
Nothing to Snort At
Cover Crops in Demand