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
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Land Market
Water Quality
Cash Rent Calamity?
Conservation Threats
Dow's Gutsy Decision
Ag Runoff Targeted
Stretching a State's Waters
Ag Land Prices Drop in Parts of Midwest
All Roughed Up
Web of Water - 4