NEWS
Grand Illusion
Todd Neeley DTN Staff Reporter
Mon Feb 4, 2013 11:56 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
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • 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...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Cash Rent Reset - 2
Cash Rent Reset - 1
California Drought Challenges
Cash Rent Reset - 3
Iowa Land Gets a Bounce
Klinefelter: By the Numbers
The Great Water War
Midwest, Plains Farmland Values Lower