NEWS
Stalking Horse Bid Wins
Todd Neeley DTN Staff Reporter
Fri Feb 8, 2013 02:43 PM CST

OMAHA (DTN) -- A U.S. bankruptcy court judge in Michigan approved the sale of Stamp Farms LLC assets -- including hundreds of unexpired farm leases -- to a stalking horse bidder after an auction held in Michigan this week attracted no additional bidders.

Steve Jakubowski, a Chicago-based attorney representing many of the some 200 unexpired lease holders in what could be the largest farm bankruptcy in U.S. history, told DTN Friday the sale could be wrapped up sometime in the next 10 days pending the judge's final approval and a valuation of the assets.

Dennis Boersen, owner of Boersen Farms ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Herd Booster In 1935, in an effort to help ranchers hit hard by the Dust Bowl, the U.S. government bought 547 ...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Taxlink by Andy Biebl What farmers consider a hedge may be speculation in the eyes of IRS -- and that significantly alt...
  • Woodbury: Family Business Matters Consider whether you want your legacy to be measured by the size of your bank account, your inves...
  • Ask the Vet Some tips on fly control.
Related News Stories
Deere to Lay Off 460 on Weak Demand
Farming on the Mother Road - 7
Ag Interest Rate Snapshot
Farming on the Mother Road - 6
View From the Cab
Minding Ag's Business
Minding Ag's Business
Woodbury: Farm Family Business
View From the Cab