NEWS
Todd Neeley DTN Staff Reporter
Wed May 29, 2013 09:48 AM CDT

Several hundred landowners breathed a sigh of relief when a majority of some 250 unexpired three- and five-year farm leases held by Decatur, Mich.–based Stamp Farms LLC were assumed by the bulk bidder in a recent court-ordered auction. That means back rents were settled, and many landowners with above-market rents didn’t necessarily have to stand in line with other unsecured creditors.

Stamp Farms and its related businesses claimed assets valued at $131 million and a net worth of $39 million in December 2012. Six months later, those assets had dwindled to about $93 million, and Stamp Farms showed a negative ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
Weathering the Drought
Farmland: Trophy or Investment?
Klinefelter: By the Numbers
Who Burned the Beans?
Rates Too Low Too Long
Under The Covers
Land Conversion May Be Overstated
View From the Cab
Using Zoning Regs to Ban Fracking
Keystone Action Coming