Tardy K-1: A Case Study

Decent Essays
First, let me apologize for the tardy K-1’s this year. The lateness was a result of our transition and tax law changes. There was a lot of transition on the ranch this year:

• The first new ranch manager in almost 30 years
• The acquisition of (on of) the premier fencing companies in the State
• Cattle prices at record levels
• Five year average rainfall had been 12.7” vs. 2014 with 40.6”
• The start of a Corriente cattle herd
• The lease of 2500 acres of pasture in Kapalua

You all know that Ken Miranda took over from Henry at the beginning of the year. Ken and Morag have finally moved into the remodeled “Burnett” house in Makawao. As you also know, with Ken coming (onboard) on board, the ranch purchased his fencing company. The fencing

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