Stamp Farms and Northstar Grain, which were featured on the cover of Top Producer’s November issue, face uncertainty moving forward, with new concerns that the approach to full-circle farming might not be working.
The staff at Top Producer learned Nov. 9 that audits have revealed some irregularities and big changes were occurring at Mike Stamp’s operations. Stamp was a 2012 Top Producer of the Year finalist and portrayed as a savvy Decatur, Mich., businessman who has been changing the local skyline.
The operation’s attorney, Michael S. McElwee, says that Northstar Grain and Stamp Farms are both under new management. The attorney says Stamp is in full cooperation with the new leadership, lenders, the Michigan Farm Produce Insurance Authority and others involved in the situation.
The Top Producer staff has been in contact with Stamp’s attorney and as of Nov. 19, McElwee says Stamp has not been arrested, despite online rumors.
To-date, harvest and operations at both entities continue as scheduled. The situation has been highlighted in the Top of Mind column of the December issue, which should arrive in mailboxes at the end of the month. Top Producer will continue to follow the story as the dust settles – with an eye on what can be learned from the situation.
Read the article about Stamp, Full-Circle Farming