The Land Report

2018.4

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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100 e Land Report 2018, Singleton Ranches won the Coors Ranch Rodeo Championship for the third year in a row. In addition to bragging rights, the three-peat means that the trophy (at left) was officially retired. Congratulations! Much like John Malone's Silver Spur Ranches have given new life to old ways (see page 96), Brad Kelley has reinvigorated legendary CALUMET FARM. In the last century, Thoroughbreds from the 762- acre Kentucky breeding and training facility raced to victory in every black-type event, including the Kentucky Derby, the Preakness, and the Belmont Stakes. Calumet's dominance peaked mid-century with Triple Crown winners Whirlaway (1941) and Citation (1948). Then owner Warren Wright passed in 1950. Trainer Ben Jones (shown above with 1949 Kentucky Derby winner Ponder) died in 1961. By the 1980s, the farm was in serious decline. By 1991, it was losing a reported $1 million a month and sought bankruptcy protection. Fortunately, it found a savior in Henryk de Kwiatkowski, whose heirs shepherded it for two decades. In 2012, Kelley's Calumet Investment Group acquired it, and the following year Calumet Farm returned to the winner's circle when Oxbow won the Preakness Stakes. How many Subway Cold Cut Combos go into an acre of timberland? (Here's a hint: It doesn't matter if you order a six-inch combo or the footlong.) Only a nuclear physicist could answer that correctly, right? Exactly. A nuclear physicist by the name of Peter Buck. Dr. Buck's TALL TIMBERS TRUST has emerged as one of the largest owners of timberland in the Pine Tree State. And it's all because Buck gave a college freshman (and family friend) named Fred DeLuca $1,000 and the idea to open a submarine sandwich shop in Bridgeport, Connecticut. That partnership has since manifested itself in 40,000 locations — and 925,000 acres of timberland. 1,110,000 ACRES 1,150,000 ACRES 925,000 ACRES 125,000 ACRES 8/ Singleton Family 7/ Brad Kelley 9/ Peter Buck Teledyne cofounder Henry Singleton (1916–1999) was the driving force behind the creation of SINGLETON RANCHES. Born on a small ranch north of Fort Worth, he rekindled these ties in 1986 when he acquired the San Cristobal Ranch near Santa Fe. Additional acquisitions followed. The Singletons currently own 1.1 million acres, principally in New Mexico but also in California. In UPPER LEFT Calumet Farm's colors have won the Run for the Roses eight times, including Ponder in 1949. 106 L ANDREP ORT.COM e LandReport | WINTER 20 18

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