Editor's Note
"This third edition in our series on the New Ranch addresses the conservation values of ranches and possible ways to market them. The hallmark of any New Ranch is good stewardship. We believe that good stewardship and good economics go hand in hand. But stewardship and economics can be complimented by the diversification, added value, and alliances described in this newsletter."

Contents:

• "Marketing Conservation Value" -Jim Winder
• "Macho Creek Update: Birds, Birds, Birds"
• "From the Founders" -Jim Winder, Courtney White, Barbara Johnson
• "EcoResults" -Dan Dagget
• "A 21st Century Ranch" -Courtney White
• "Can a Shoe Save the World?" -Courtney White
• "Profile of Good Stewardship: Mark Cortner"
• "The Far Horizon" -Courtney White