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Presents analytic material based on statistics & interviews related to chronicles of market reform in the making of a rich post-Soviet collective farm in the south of Russia. Personal leadership is scrutinized in transformations affecting this local rural community. The influence of historical heritage is seen in the making of a new property institution, as well as in the differentiation among inhabitants. Typical verbal reservations, silencing, & paradoxes are demonstrated to convey actors' understandings of the local situation. Legal, labor, managerial interrelations are reflected in the possibility of forming, alternatively, a holding or a hacienda as a crucial choice for eventual post-Soviet rural evolution. 19 References. Adapted from the source document.