Grand Illusion

Farm Bankruptcy Stuns Lenders and Landlords

Hundreds of unexpired three- and five-year cropland leases will be auctioned Feb. 5 as part of a Chapter 11 bankruptcy plan for Stamp Farms LLC, which was once claimed to span 46,000 acres in southwest Michigan. (DTN file photo by Elaine Shein)
In what is likely to be the largest grain farm bankruptcy in U.S. history, a Michigan farm that claimed to operate 46,000 acres will be auctioned off in bulk this week, potentially leaving hundreds of landlords and creditors in limbo. The case may make bankers and...

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