January 02, 2024

The Man Who Is Buying the Colorado Prairie

Click to enlarge (Source: Bloomberg)
Stefan Soloviev is only the 26th largest landowner in America, so he has a way to go to catch up with John Malone or Ted Turner.

Stefan Soloviev (Business Insider)

I do remember when he bought the grandly named Colorado Pacific Railroad, all 122 miles of it, in 2018. But there was more to come, much more. The New York businessman, still in his 20s, started buying land. Then he went to see it, in this case, in Prowers County, southeast Colorado, which includes the town of Lamar.

“It was 6 miles off the paved road and I’m driving and everything looks the same and I’m driving and driving and I finally get to the property and I’m like, ‘Oh, my God, I’m in the middle of nowhere.’ And I had a bit of a panic attack,” he says during a wandering interview with The Colorado Sun. “I’ll never forget that first time out here. It’s gotten easier. You adjust. You adjust to your surroundings. You start to become part of the community.”

He also has a pretty good spread in east-central New Mexico, as you will see if you explore this Bloomberg graphic article on America's top one hundred landowners.

Land: they ain't making any more of it. 

Soloviev, meanwhile, has big plans:

So the pitch looks like this: Rent his farmland at market rates. Grow your own grains. Truck them to Soloviev’s grain elevator close to the Colorado-Kansas border. Then ship the grain on his new Colorado Pacific Railroad to Pueblo to access Union Pacific’s national rail network. Soloviev says eventually he wants to grow into the international exporting business with cargo ships that can move Colorado grain “as far as I can take it.”

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