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Decatur farm bankruptcy serves as warning about rising prices

The Associated Press

A new report calls the bankruptcy of Stamp Farms in Decatur (Mlive Kalamazoo story) a warning about rising prices for farmland and rising debt. 

The New York Timesdescribes the bankruptcy of Stamp Farms as "one of the heartland's most talked about bankruptcies in years." 

From the Times story:

In less than a decade, Michael D. Stamp, 37, built his farm into a huge operation growing corn and soybeans. In November, he was hailed as a savvy farming entrepreneur on the cover of Top Producer, an agricultural magazine, and was one of three national finalists in its annual contest.

Later in November Stamp Farms filed for bankruptcy. 

Mlive Kalamazoo has more on the bankruptcy of Stamp Farms, including fears of farmersand creditors owed money by the Decatur-based farm. 

Gordon Evans became WMUK's Content Director in 2019 after more than 20 years as an anchor, host and reporter. A 1990 graduate of Michigan State, he began work at WMUK in 1996.