Turning wildfire liability into productive infrastructure.
The Hermits Peak fire cost $7 billion. The probability of a comparable wildfire in New Mexico’s most threatened firesheds — including Santa Fe — is effectively 100% within the next decade. Post-fire, the land doesn’t recover. It re-burns.
35,000
acres · two operational nodes~$45M
via Industrial Revenue Bond~$420/acre/yr
target · five output streams$64B AUM
NM Sovereign Wealth FundState trust land managed by the NM State Land Commission — a 3.6M-hectare portfolio. Title never moves. Sovereign Land structures the financial and operational architecture around it.
Funding pathway: Industrial Revenue Bond → NM Sovereign Wealth Fund ($45B AUM). Performance contracts with municipal water utilities align incentives without upfront cost.
Two operational nodes.
A self-hedging system: when one output faces market volatility, the others compensate. Together they turn a fire-liability into a diversified revenue engine.
North — Mora / San Miguel County
Pyrolysis & Biochar Production
— Fire-damaged timber
— Forest slash & debris
— Agricultural residue
— Biochar (soil amendment, carbon sequestration)
— Wood vinegar (natural soil conditioner)
— Heat energy (process use)
Municipal water utilities, agricultural operators
South — Quay / Curry / Roosevelt Counties
Anaerobic Digestion & Composting
— Cattle manure (feedlot operations)
— Agricultural waste
— Municipal organic waste
— Organic fertiliser (nutrient-dense)
— Biogas (renewable energy)
— Compost (soil restoration)
Agricultural operators, regional municipalities
Municipal water utilities are already absorbing the cost of contaminated watersheds. Performance contracts — where the buyer pays a percentage of verified savings — align incentives without upfront cost to the municipality. LandStack provides the MRV data the bond advisor needs to submit to NMSIC.
The Industrial Revenue Bond pathway channels state and federal finance into the infrastructure. The NM Sovereign Wealth Fund ($45B AUM) is the natural institutional capital home — already mandated to invest in New Mexico’s productive future.
“I’ve spent 30 years working to develop New Mexico’s rural economy. The technologies are proven. The operators are ready. The buyers are real. What nobody built until now was the financial bridge to get from degraded to productive — that’s what Sovereign Land does.”
Terry Harris — NM Project Coordinator
Restoring Europe’s emptied heartland.
Spain and Portugal have burned over 3.3 million hectares since 2006 — more than any other region in Europe. The 2025 fire season alone cost over €8 billion. Across the Iberian interior, 320,000 km² — la España Vaciada, the emptied Spain — has been abandoned. 3,400 towns are at risk of disappearing.
500 ha
pilot · phased expansion€800–1,100
target €/ha/yrMoeve
anchor industrial buyerSantander + EU
finance pathwayAbandoned private agricultural land — title stays with current owner throughout the entire engagement. Sovereign Land structures the operational and financial architecture around fragmented holdings where no single entity can finance the transition alone.
Finance path: Santander project finance + EU public finance instruments. Anchor offtake: Moeve (industrial biomass, biochar, carbon sequestration).
Paulownia agroforestry + rotational grazing.
Paulownia is one of the fastest-growing trees in the world — reaching harvestable size in 5–8 years. Low water requirement. Deep root system that stabilises soil and reduces erosion. High-density biomass ideal for industrial offtake.
Integrated rotational grazing maintains ground cover between tree rows, builds soil organic matter, and creates rural employment from day one — while reducing the unmanaged vegetation that drives catastrophic fire.
01
Biomass for industrial use
Dedicated offtake — Moeve02
Biochar production
Soil amendment + carbon sequestration03
Rotational grazing
Meat + dairy + soil regeneration04
Carbon credits (secondary)
Verified sequestration — not primary revenue05
Fire risk reduction
Performance contracts with municipalities“Three hundred thousand square kilometres of land sit abandoned across Spain — burning, eroding, producing nothing. The owners can’t finance the transition. The municipalities can’t either. The infrastructure Sovereign Land builds changes that equation entirely.”
Victor Garlington — Spain SPV Lead
Different geography, different ownership, same system.
New Mexico is public trust land — state-owned, requiring bond financing and sovereign wealth fund alignment. Spain is fragmented private and municipal land — requiring a different legal structure, different capital stack, different operator relationships.
The core infrastructure — LandStack, the Transition Facility, multi-output self-hedging, MRV — is identical. That’s the point. A system designed to adapt to the landowner, not the other way around.
Investment caseState trust / public land
Bond financing, sovereign wealth fund
Private agricultural
Project finance, EU instruments
Institutional land
REIT, timber, investment manager
Community & custodial
Indigenous, municipal, cooperative