This book shows you how to ranch without owning either cattle or land. The answer is custom grazing contracts: basically, folks pay you to graze their cattle, and you rent other people's land to do it. Think of it like running an organic feed lot, but instead of expensive grain you're feeding the cows cheap grass. When you look around at how cheap it is to rent pasture-land (the national average is $11/acre), then you can see why it's so profitable.