Herold later gained ownership of the estate by marrying Lövingloh in the district of Münster.
After graduating from high school in Münster, Herold studied at the University of Halle-Wittenberg in 1867/68, completing a degree in agricultural training.
He did not participate in the general election in 1924 set up by the peasants of the Münsterland, which drew criticism from his constituency.
From 1898 to 1918 he belonged to the Prussian House of Representatives, where he was Vice Group Chairman of the Centre Party.
Herold was named to a number of committees, associations, and groups influencing agricultural policy in Germany.