Stamp Farms LLC filed for Chapter 11 relief on Nov. 30, and court records list the farm's assets at $10 million to $50 million and its liabilities at $50 million to $100 million.

As news of the Stamp Farms bankruptcy spread, local farmers worried about its effects on not only the village of Decatur, but Southwest Michigan. Michael Stamp farmed more than 40,000 acres in the ...

Michigan farmer Mike Stamp ... The 41-page indictment accuses Stamp—who owned Stamp Farms, LLC.—of falsely claiming he farmed 44,000 acres in order to secure a loan from Wells Fargo.

Michigan Farm News reported both Michael and Mellissa Stamp, of Decatur, Mich., plead guilty to charges related to crop insurance and bankruptcy fraud. The plea deals come with reduced sentences.

The farm bill was held up for more than two years as conservatives insisted on cutting the nation's food stamp program, which now serves 1 in 7 Americans at a cost of around $80 billion a year.