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Ghost Herd

A true story of family, fraud, land, and power in the American West.

It started as an American success story. The Easterday family took a couple hundred acres of farmland in rural Washington state and grew it into a farming and ranching empire worth millions. Then, it all came crashing down.

Ghost Herd tells the story of Cody Easterday, the man at the center of one of the largest cattle swindles in U.S. history. Easterday invented a “ghost herd” of 265,000 cattle that only existed on paper … and swindled companies including a meat-packing giant to the tune of nearly a quarter of a billion dollars. Ghost Herd is a story of family and fraud, but also a story about the value of dirt and the shifting powers in the American West.

Ghost Herd is a joint production of KUOW and Northwest Public Broadcasting, both members of the NPR Network.


Anna King
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KUOW Photo / Andrea Starr

About the Host & Creator

Award-winning journalist Anna King shines a national spotlight on the complex stories of the Northwest – from complex nuclear waste cleanup, to mysterious cattle mutilations. Her work has been recognized nationally and she has earned two Gracie awards, a Sigma Delta Chi medal and an Edward R. Murrow Award for investigative reporting about Cody Easterday’s major cattle swindle and its outfall.

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Episodes

  • Ghost Herd   Part 6   The Reckonin'

    Part 6: The Reckonin'

    Native Americans once owned these lands, and they still treat the Columbia Basin as their sacred home. We’ve all benefited from that taken land, but now corporations are the West’s new settlers. Meanwhile, Cody faces a federal judge and his tight-knit rural community. His sons start taking over what remains of the family’s vast operation and beat-up reputation.

  • Ghost Herd   Part 5   The Bidding War

    Part 5: The Bidding War

    The Easterday empire is being broken apart. Some of the most valuable farmland in America is up for sale, and the billionaires are coming to town. The bidding war over water-rich lands shows the shift in how America farms.

  • Ghost Herd   Part 4   The Crash

    Part 4: The Crash

    Cody's swindle comes crashing down, and it’s all thanks to Covid. When a giant meat operation discovers the truth about his ghost herd, they take aim at Cody.

  • Ghost Herd   Part 3   The Gamble

    Part 3: The Gamble

    Why would someone create a ghost herd? Behind Cody Easterday’s swindle was an even-bigger gambling habit on the futures market. That vice may have changed the price of American beef slapping down on your kitchen table. We also look at how all farmin’ is a gamble.

  • Ghost Herd   Part 2   The Swindle

    Part 2: The Swindle

    Cowboy Cody Easterday lies big, creating a “ghost herd” of 265,000 cattle that only exist on paper and bringing in hundreds of millions of investment dollars from companies including a meat-packing giant. It’s fraud on a massive scale. We examine how he carried it out.

  • Ghost Herd   Part 1   Empire Builders

    Part 1: The Empire Builders

    Meet the Easterdays – ranching royalty rooted in the Columbia Basin in southeast Washington state. But behind the well-known family name hides a dark secret, concealed in spreadsheets and bum invoices, that’s eating away at their vast empire.

  • Ghost Herd Logo FINAL

    Introducing Ghost Herd, coming January 10

    It started as an American success story. The Easterday family took a couple hundred acres of farmland in Eastern Washington and grew it into a farming and ranching empire worth millions. Then, it all came crashing down.