The village of Kala has large cattle holdings, totalling more than 600 animals managed in 7 herds. But cattle are held very unequally, with 2/3 of households having 10 cattle or less. A strong positive relationship exists between herd and household size, with larger households also holding greater cattle wealth per person. The chapter presents data on sales and purchases of cattle, exploring the costs of investment in breeding cattle, and returns in the form of calf production, milk, dung, and final sales value. The risks to cattle, and factors affecting yields from breeding stock, are investigated, as are the reason for variation in returns from one farmer to another. Returns are modelled over a 5-year period for four household types A, B, C, D, to demonstrate the range of outcomes. There are multiple risks to capital values embodied in breeding cattle, and the flow of returns, such as from theft, disease, and tensions between herd-owner and hired herder.