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Former Grain Elevator Owners Plead Guilty to Bank Fraud

Michael and Melissa Stamp, previous owners of Northstar Grain, Decatur, MI, face prison time

File Photo
File Photo

Former Stamp Farms owners and operators Michael and Melissa Stamp have pleaded guilty to charges in a bank fraud case connected to the bankruptcy of the 27,000-acre Decatur, MI-based farm.

According to a report at Progressive Farmer, the 2012 bankruptcy case left southwestern Michigan landowners and creditors jolted by what legal experts believe was at the time, the largest grain-farm bankruptcy in U.S. history.

Michael Stamp owned a number of related businesses that were part of the Chapter 11 farm bankruptcy, including the Northstar Grain LLC grain elevator.

Read the full report here.

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