Top Producer learned today that Stamp Farms LLC filed for Chapter 11 bankruptcy on Friday, Nov. 30, along with affiliate companies Stamp Farms Custom Ag LLC and Stamp Farms Trucking LLC. Estimated liabilities exceed $50 million, with more than 200 total creditors cited in the bankruptcy filings. Monsanto was the largest creditor listed, with a $3.9 million claim.
To that end, look for reporting in the January 2013 issue on some best practices for farmers to approach growth responsibly on their own operation. Top Producer will provide additional updates as the situation continues to unfold.
You can see the following public-record legal documents for:
Read the article about Stamp, Full-Circle Farming
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