Www. sponsored by 2015 Women in Agriculture Educators National Conference The New Game for Feed Buyers.

www.commoditychallenge.com

sponsored by…

2015 Women in Agriculture Educators National ConferenceThe New Game for Feed Buyers

Edward [email protected]

Center for Farm Financial Management University of Minnesota

www.cffm.umn.edu

• A premier on-line trading game, features real time cash, futures and options quotes

• Unlike other trading websites, Commodity Challenge highlights marketing decisions and risk management tools (not speculation)

• Educational and free!

Learn about…•agricultural markets•marketing terms•pricing tools•risk management

Commodity Challenge is growing!

©2013 Regents of the University of Minnesota. All rights reserved.

Who uses Commodity Challenge?

Why use Commodity Challenge?

1. Learning by experience2. Complement curriculum3. End of year fun

The game can be played from three different perspectives.

(1) Producer selling “old crop” grain(grain harvested and held in storage)

(2) Producer pricing “new crop” grain(grain to be harvested in the fall)

(3)Livestock or dairy buying corn(grain needed for feeding)

Let’s start a buyers game!

As an educator, I prefer the buyers game.

Players learn by making decisions. •Sellers can easily choose NOT to decide. •Corn buyers MUST make purchasing decisions, to feed animals.

Tips

Tip #1Ask players to get join an open game to learn how to navigate the system, place orders, read market quotes, etc.

Tip #2Start two games; one for competition and another for practice, assignments, and learning.

Tip #3Don’t grade according to performance. I ask “Why?” on the pricing decisions. Price objective? Breaking news? Expert opinion? Chart formation?

Tip #4Use your power as the game leader.

• We used the game last year and really enjoyed it. • My students have really learned a lot

from your activity.• The game is really interesting and helpful

to understand trades in the real world. • Commodity Challenge project was the

single best way to learn this information.

How can I start a game?

Email to… [email protected]. Group name2. Location3. Game Leader4. Start date5. End date