Yellowstone (TV Series)

A Thundering (2019)

Michael Nouri: Bob Schwartz

Quotes 

• Bob Schwartz : Let me order you a drink.

  Beth Dutton : No, I'm fine. It's a brand new me. Money's my new drug. It's my favorite.

  Bob Schwartz : You found offices?

  Beth Dutton : Right on Main Street. For all the world to see.

  Bob Schwartz : So, what's your first move?

  Beth Dutton : You've got these land developers like Jenkins. They find pristine recreational property, build McMansions, and sell the dream. Some, like Jenkins, they take it further, build hotels, subdivisions. But they all leave with their tails tucked because they don't have the cash flow to make a real business out of land.

  Bob Schwartz : You do that in town.

  Beth Dutton : Or you do this... we set up a fund. That fund buys land, puts the land in a conservation easement which cuts the property tax by two-thirds, then we go to the Department of Agriculture, and we enroll the land in a CRP.

  Bob Schwartz : What the hell is CRP?

  Beth Dutton : It's the federal government paying us not to farm it.

  Bob Schwartz : Why would they do that?

  Beth Dutton : To control the supply, Bob. That way they don't have to worry about local farmers diluting the market. It's pretty fucking shitty. But it's great for us. The government pay per acre, per year.

  Bob Schwartz : How much?

  Beth Dutton : Depends on the land. Around here? Could be 3-400 dollars an acre. The government paid off the land for us in 7 years. We become landlords who get paid not to rent.

  Bob Schwartz : Sounds like a pyramid scheme.

  Beth Dutton : With the government at the bottom. We start with a 100 million dollar investment in land. We funnel the CRP funds into more land purchases. We can buy roughly 50 thousand acres per year without spending a dime. We are profitable by the end of year two with a net revenue of 46 million per year. The more land we buy, the more that number grows.

  Bob Schwartz : Why hasn't anyone done this before?

  Beth Dutton : Because they can't afford the two years. They don't have the investment infrastructure. The Dan Jenkins of the world don't have this much junk in their shorts. Know what I mean? How are you fixed for junk, Bob?

  Bob Schwartz : I understand what's in this for me. Beyond your fee, what's in it for you, Beth? Because something's buried under the skin with you.

  Beth Dutton : I'm making you money, Bob. And I am digging a 200 square mile moat around my father's ranch.

  Bob Schwartz : We put the land into the hedge fund. Use the brokers to buy up the land. Don't haggle on price. Just start gobbling. That's how I'm fixed for junk.

  Beth Dutton : I always knew you tucked it in your sock, Bob.

  Bob Schwartz : I need another one of these from... anyone.