This paper looks at the gendered impacts of a development project that provided improved dairy cattle and training as part of a broader effort to develop a smallholder-friendly, market-oriented dairy value chain in Manica province, Mozambique. The project targeted households, registered cows in the name of the household head, and, initially, trained registered cow owners in various aspects of dairy production and marketing. Subsequently training was expanded to two members per household to increase the capacity within households to care for cows, a change which resulted in a significant number of women being trained. Using qualitative and quantitative data on dairy production and consumption and on gendered control over income and assets, the paper explores how men and women participated in and benefited from the project. We find that despite being registered to men, in practice dairy cattle are in some cases viewed as jointly owned by men and women. Beneficiary households dramatically increased dairy production and income, with men, women, and children all contributing labor. Women’s incentives for participation in dairy are less clear. Despite their recognized rights and responsibilities related to dairy cow management, women exercise relatively little control over milk and milk income as compared to men. Various explanations related to monetary and nonmonetary benefits of MSDDP and dairying for women are explored, along with their implications for women’s level of effort and overall project outcomes.