{"id":28,"date":"2017-04-07T22:54:42","date_gmt":"2017-04-07T22:54:42","guid":{"rendered":"http:\/\/parkerranch.com\/PRFT\/?page_id=28"},"modified":"2019-07-10T21:31:11","modified_gmt":"2019-07-10T21:31:11","slug":"the-future-of-parker-ranch","status":"publish","type":"page","link":"https:\/\/prft.org\/the-future-of-parker-ranch\/","title":{"rendered":"The Future of Parker Ranch"},"content":{"rendered":"
[vc_row][vc_column][vc_tta_tour style=”flat” color=”white” active_section=”1″][vc_tta_section title=”Diversification” tab_id=”1492115744585-5e50fa44-8e81″][vc_column_text]\n

Diversification<\/h3>\n

Today, Parker Ranch continues to explore diversification of assets in order to provide the Trust, as its sole stockholder, with income to fund Beneficiaries and fulfill its mission. Modern ranches must rely on diversification to survive, from cattle ranching and forestry to tourism and retail.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”HoloHolo Ku” tab_id=”1492115822912-77f353d5-fc75″][vc_column_text]\n

HoloHolo Ku<\/h3>\n

As the first residential development in the 2020 plan envisioned by Richard Smart, land was sold in 2001 to a developer who subsequently built 44 condominium homes that were offered for sale in 2002.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Luala\u2019i at Parker Ranch” tab_id=”1492115824322-60c32d34-a6c4″][vc_column_text]\n

Luala\u2019i at Parker Ranch<\/h3>\n

Luala\u2019i at Parker Ranch, a residential joint venture development between Parker Ranch and Schuler Homes, launched in August 2002. The project features 3 and 4 bedroom single-family market entry homes. The development meets a goal of the Parker Ranch 2020 Plan initiated by Richard Smart in 1986.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Investment Portfolio” tab_id=”1492115881096-69397b8e-318b”][vc_column_text]\n

Investment Portfolio<\/h3>\n

In keeping with the Trust\u2019s strategy to develop an investment portfolio, lands outside the core of ranch operations or business use were sold. In 2006, the Ranch successfully concluded negotiations with the U.S. Army for its acquisition of approximately 24,000 acres of land in an area known as Keamuku. This sale allowed a significant portion of long-term debt to be paid off. The balance sheet has been strengthened, and there is improved liquidity and debt reduction An investment portfolio, not tied to land or cattle, has been established producing a reliable income stream for beneficiaries.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Parker Ranch Inc. Leadership” tab_id=”1492115939491-7c735127-0c75″][vc_column_text]\n

Parker Ranch Inc. Leadership<\/h3>\n

Neil \u201cDutch\u201d Kuyper joined the company in February 2011 as its Chief Executive Officer and President. Kuyper was born and raised on Oahu and returns to Hawai\u2019i with his family after 20 years of increasingly senior executive positions on the mainland and in Asia. Kuyper served most recently as Chief Operating Officer with Capricorn Investment Group, previously holding the same position with Morgan Creek Capital Management, following extensive experience with Wellington Management, Boston Consulting Group and Coopers & Lybrand.[\/vc_column_text][\/vc_tta_section][\/vc_tta_tour][\/vc_column][\/vc_row][vc_row disable_element=”yes”][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_column_text]\n

A number of changes have been made in ranching operations to progress toward profitability. Ranching operations have transitioned to a cow\/calf operation due to the high cost of raising cattle to maturity in Hawaii. The primary purpose of Parker Ranch\u2019s herd now is to produce calves. Once weaned, these calves are shipped to the mainland US to complete their growth.<\/p>\n

Transportation costs are offset by lower grain costs, the elimination of a Hawaii-based slaughter operation and the more rapid growth of calves on mainland grasses. A biannual breeding season resulting in two calf crops fills mainland beef demands when other operators are not able to do so. In addition, open range ranching has been replaced by less labor intensive ranching in smaller fenced paddocks. Parker Ranch reduced its livestock workforce from 79 in 1991 to 12 in 2007. Overall employee numbers decreased from 112 in 1991 to approximately 50 employees today.<\/p>\n

Parker Ranch also sought to improve the quality of its beef through genetics and animal husbandry to increase its value to market. Parker Ranch participates in an innovative marketing plan geared around two branded beef programs called Ranchers Renaissance and Country Natural Beef, whereby grocery retailers pay premiums to ranchers that consistently produce a higher quality of beef. With two branded beef distribution channels, Parker Ranch has executed its cattle marketing plan to the point that it generates solid profits.<\/p>\n

Reducing ranching expenses and increasing revenue have positioned Parker Ranch to be a low cost provider in a commodity-based market. Cattle ranching, even in the best of times, remains a challenge.[\/vc_column_text][\/vc_column][\/vc_row][vc_row disable_element=”yes”][vc_column]

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[vc_row][vc_column][vc_tta_tour style=”flat” color=”white” active_section=”1″][vc_tta_section title=”Diversification” tab_id=”1492115744585-5e50fa44-8e81″][vc_column_text] Diversification Today, Parker Ranch continues to explore diversification of assets in order to provide the Trust, as its sole stockholder, with income to fund Beneficiaries and fulfill its mission. Modern ranches must rely on diversification to survive, from cattle ranching and forestry to tourism and retail.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”HoloHolo Ku” tab_id=”1492115822912-77f353d5-fc75″][vc_column_text]…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/pages\/28"}],"collection":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/comments?post=28"}],"version-history":[{"count":10,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/pages\/28\/revisions"}],"predecessor-version":[{"id":379,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/pages\/28\/revisions\/379"}],"wp:attachment":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/media?parent=28"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}