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
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
CWA Rule Pressure
Senators Blast Water Rule
Bagging a Big Crop
Farm Investors Welcome
What's a Soybean Worth?
Hunting for Habitat
Soil Health Values Explained
Nutrient Reductions Seen Slow
Interpretive Rule Seen as Invalid
DTN Ag Business Benchmark