This document summarizes a study comparing the health, performance, and carcass characteristics of pen-fed vs. pasture-raised meat goats. Over two years, male Kiko goat bucklings were either kept in pens and fed hay and grain, or grazed on pasture. The pen-fed goats had higher weight gains, lower parasite loads, and heavier carcasses with a higher percentage of lean meat compared to the pasture-raised goats. The study concluded that pen-feeding improved health and performance, adding $65-$70 of value per goat and was more profitable than pasture-raising in this two-year trial.