From Conversations With Casey:

[To capitalize on a bull market in cattle,] I’m buying land in northwest Argentina, which to me is the most attractive part of that country – and the country itself is very attractive indeed.

We’ve bought a number of large, dormant farms where we clear the land, fence it, put in wells, and plant in grasses the cows like. We bought Braford females – heifers – and they calf every year. We now have about fifteen hundred cows. Every year we get about twelve hundred new babies, and then the babies have babies. We sell the male calves for current income, to finance the clearing and fencing of more land and putting in more wells. And we let the heifers grow and reproduce. It’s a form of compound interest. Plus, the land is worth considerably more after we improve it -- a big bonus.

And since our cattle are all grass-fed, and we own the land for cash, and the Gauchos earn roughly two hundred and fifty dollars a month, we don’t have much in the way of costs.

I’m a big fan of grass-fed beef. Most cattle spend the best part of their adult lives in feed lots. They’re packed chock-a-block next to each other (moving burns calories and takes off weight). They’re fed things cows don’t naturally eat. And they’re pumped full of growth hormones and antibiotics. The end product is okay for a mass market that wants cheap beef, but it isn’t what I want.

… I picked Argentina because out of the hundred and seventy-five countries I’ve been to, the fact of the matter is: I just like Argentina more than any other place I can think of.

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