Dan Carter and the other Cubs from Den 2 of the Webster City Cub Scouts sorely wish for the never-ending rain to cease so that they can explore the outdoors. Finally, the weather clears temporarily and the Cubs decide to hike to Mr. Silverton's pheasant farm. When the boys arrive at the farm, they are threatened by the caretaker, Saul Dobbs, who orders them away from the farm. Angered, the boys visit the office of the owner, Mr. Silverton, and plead for permission to visit the farm. Mr. Silverton grants permission so long as the boys stay out of the restricted area.

During the boys' visit to the farm, Red and Chips wander away from the other Cubs and accidentally enter the restricted area! Red and Chips pick up a few pheasant feathers which they plan to make into an Indian headdress. Little do the boys realize that their innocent mistake is to cause them endless trouble.

The Cubs find themselves accused of killing some of Mr. Silverton's pheasants. With no way of proving their innocence, the Cubs are treated hostilely by Mr. Silverton and others in the community. The boys must exonerate themselves, and so begin watching Mr. Silverton's property in order to discover what is happening to his pheasants. After more rains cause Mr. Silverton's property to flood, the Cubs help Mr. Silverton save his pheasants, regain his trust, and solve the mystery of the missing pheasants.