CME, National 4-H bringing the Commodity Carnival to Michigan State Fair | Michigan Farm News

CME, National 4-H bringing the Commodity Carnival to Michigan State Fair

Category: Technology

by Farm News Media

CME-National-4h_MFN_8.19.19
The Commodity Carnival, a highly engaging experience created through a partnership between the National 4-H Council and the CME Group, helps 4-H youth to learn the basics of risk management in agriculture

CHICAGO – CME Group and the National 4-H Council are hosting their seventh annual Commodity Carnival at the Michigan State Fair in Novi, Mich., Aug. 28 to Sept. 2.

The Commodity Carnival, an interactive, educational fair experience, teaches young fairgoers about managing the business risks and costs associated with producing and bringing livestock to market. Participants will play a game that involves growing and bringing a steer to market, which helps improve their literacy in agriculture science and basic economics, all while having fun.

CME Group, the world's leading and most diverse derivatives marketplace, and the National 4-H Council, the nation's largest youth development organization, created the partnership to bring the award-winning Commodity Carnival experience to 120 different state and county fairs this summer, including Michigan.

The highly engaging experience helps 4-H youth to learn the basics of risk management in agriculture. Commodity Carnival will also continue to be available beyond the fairgrounds through the mobile companion app, Risk Ranch.

“Agriculture has been a central part of CME Group's business for 170 years,” said Tim Andriesen, CME Group Agricultural Products managing director. “We have a long history of investing in the next generation of food producers here in the U.S, including engaging 325,000 youth since the start of this partnership.”

Developed by the Ohio State University Extension, the CME Group and 4-H first partnered in 2013 to make the Commodity Carnival experience available throughout the U.S. with the goal of preparing future generations of farmers and food producers with respect to risk management in agriculture.

“We are committed to empowering young people with the skills to lead for a lifetime,” said National 4-H Council President and CEO Jennifer Sirangelo. “We are proud of our long-standing and important partnership with CME Group as we collaborate to promote the Commodity Carnival and Risk Ranch.”

In 2015, to reach mobile and tech-savvy young audiences, CME Group launched the first agriculture-based learning application, Risk Ranch, further helping young people understand agriculture as a complex and crucial element of our economy. The award-winning app is available year-round online, in the App Store, as well as through Google Play.

According to Sirangelo, the initiatives aid in developing crucial life skills such as critical thinking, communication, and technical competence, building young leaders through positive youth development whose reach can extend beyond t