Risk Ranch Connects Cattle Futures to Show Stock
The CME Group & National 4-H Organization are traveling to 120 state and county fairs in 11 states to help 4-H members reach deeper into the process of their show stock by playing the Commodity Carnival & Risk Ranch game.
"We're trying to show [4-H members] what it takes to grow your own steer. So all of the factors that go into it -- feed costs, all of the production costs, health and nutrition, transportation, a barn for your steer to live in," explains Paige Halsted, Commodity Carnival Intern, Iowa State University Extension & Outreach. "Towards the end of the game they try to sell their steer, and they want to make more than they put into their steer."
In order to make the connection between the Commodity Carnival game and the real world, they break it down into not only the process and what the costs are but also put it into a scenario that they would experience at home: the hay that you pitch to your steers every day, the trailer to take your steer to the fair, etc.
Along with the physical game that you can play at the fair, the CME Group developed an Risk Ranch app so kids can play the game anywhere they go and still reap the benefits of playing the game in person.