How to Make Cowboy Stew
In a large soup pot or Dutch oven over medium-high heat, cook the chopped bacon until crisp. Remove the bacon with a slotted spoon and place it in a small bowl. Set it aside.
Add the ground beef to the bacon drippings and cook until it is almost completely browned, breaking it apart as it cooks. If there is a large amount of grease in the pot, carefully drain off the excess.
Add the diced onion and minced garlic. Cook for 2–3 minutes, or until the onion begins to soften and the garlic is fragrant.
Add the sliced smoked sausage and cook for another 3–4 minutes, stirring occasionally.
Sprinkle the flour, salt, black pepper, and chili powder over the meat mixture. Stir until everything is evenly coated, then cook for 1–2 minutes.
Add the diced potatoes, baked beans, corn, Rotel tomatoes, green chiles, reserved bacon, and water. Stir everything together thoroughly.
Reduce the heat to low and allow the stew to simmer for 35–40 minutes, stirring occasionally, until the potatoes are fork-tender and the stew has thickened.
Taste and adjust the seasonings if needed. Garnish with chopped fresh parsley before serving, if desired.