Gene Autry buys a thoroughbred horse from failing plantation owner Eddy Waller, then through a misunderstanding he and Smiley Burnette have to pursue him to his home, where daughters June Storey and Mary Lee are, at first, hostile. All the plantations are failing, about to be sold for taxes, but Hardie Albright wants to buy them for logging. Gene susses this out and the owners sign their own contracts, but Albright has a few nasty tricks up his sleeve.
Modern viewers may have issues with the way the Black folk are depicted, as well as the comedy sequence in which Burnette dresses as a Black woman, but it's mostly an amiable variation on the save-the-ranch plot with a few Stephen Foster type songs thrown in. Frank MacDonald directs for comedy rather than drama, with a funny final fight between cowboys trying to cut down trees while loggers try to stop them.