Power Point adapted from a lesson by Andrew King. Resource https://www.teachingchannel.org/videos/using-simulation-in-the-classroom In your assigned groups: 1. 2. 3. 4. 5. You will be loaned $2000 You must set aside $200 (transportation) and $300 (living expenses) each round (year) You must decide which items to farm Assign a recorder to document items farmed Set a goal for how much money you hope to make FARMING • The cost to plant crops is all the same. • You can grow up to 160 acres of crops (16 items). You may plant on all the land , or only part of it. • You will buy your crops from the Market. SELLING CROPS • They may sell for different prices depending on the market. • You will learn what your investment return is after you turn in your crops to the market. RAISING • You may decide to raise livestock. • You only need to pay for the cost of feed. • You do not need to reserve farm land for livestock. • At this time, public land could be used for this purpose. SELLING LIVESTOCK • They may sell for different prices depending on the market. • You will learn what your investment return is after you turn in your crops to the market. PLANTING CROPS/RAISING LIVESTOCK CORN POTATOE S WHEAT RYE OATS FIELD HAY TOBACCO CRANBERRIE S CATTLE SHEEP PIGS • Purchase crops ($50) and livestock ($5) from the market. • You must also pay your $500 in fees. OUTCOMES A serious lack of early spring rain in July almost destroyed the rye, and oat crop. The prices paid for corn, potatoes, and tobacco are up. The price for sheep is up and the price paid for pigs is at an all time high. -COLLECT MONEY FROM MARKET Item $ Corn Potatoes Wheat Rye Oats Field Hay Tobacco Cranberries Cattle Sheep Hogs $100 $100 $100 $50 $50 $50 $100 $50 $5 $10 $15 PLANTING CROPS/RAISING LIVESTOCK • You may purchase more crops or animals if you have space. • You must also pay your $500 in fees. OUTCOMES This was a very cold winter and it destroyed most of the cattle and pigs.(This means you have no more cattle or pigs on your farm) Sheep prices are high. Abundant spring and summer rain throughout most of the state has produced excellent crops. The price of corn, wheat, rye, and oats is good and the price of tobacco and cranberries remains the same. The field hay prices are small because of limited demand for hay. -COLLECT MONEY FROM MARKET Item $ Corn Potatoes Wheat Rye Oats Field Hay Tobacco Cranberries Cattle Sheep Hogs $100 $50 $150 $100 $100 $25 $50 $50 $0 $10 $0 PLANTING CROPS/RAISING LIVESTOCK • Purchase your crops and livestock. • You must also pay your $500 in fees. OUTCOMES Growing wheat year after year in the same spot decreased the richness of the soil. When it came time to harvest there was little wheat to cut. The rest of the crops did the same as last year. Cattle prices are very good, Sheep prices are down but pig prices are good. -COLLECT MONEY FROM MARKET Item $ Corn Potatoes Wheat Rye Oats Field Hay Tobacco Cranberries Cattle Sheep Hogs $100 $50 $50 $100 $100 $25 $50 $50 $15 $5 $10 PLANTING CROPS/RAISING LIVESTOCK • Purchase crops and livestock. • You must also pay your $500 in fees. OUTCOMES Small black and white insects with red legs, called chinch bugs, found their way to Wisconsin. They killed a lot of wheat plants before they could be harvested. Oat, hay and corn did well this year. Cranberries and potatoes did better. You are now making more of a profit off our your cows and sheep for their milk and wool. -COLLECT MONEY FROM MARKET Item $ Corn Potatoes Wheat Rye Oats Field Hay Tobacco Cranberries Cattle Sheep Hogs $125 $75 $75 $100 $125 $75 $50 $75 $10 $15 $5 PLANTING CROPS/RAISING LIVESTOCK • Purchase Crops and Livestock • You must also pay your $500 in fees. OUTCOMES Growing of wheat has become less successful in the past years. Cranberries and potatoes are now cash crops. Corn, hay and oats are doing well. Cattle and sheep are doing the same as last year but there has been a rise in the value of pigs. -COLLECT MONEY FROM MARKET Item $ Corn Potatoes Wheat Rye Oats Field Hay Tobacco Cranberries Cattle Sheep Hogs $100 $100 $25 $100 $100 $75 $50 $125 $10 $15 $10 PLANTING CROPS/RAISING LIVESTOCK • Purchase crops and livestock • You must also pay your $500 in fees. OUTCOMES It was a harsh winter with a late coming spring. Your crops survived but are not as large of a harvest which means you couldn’t sell as much of it since you need to keep some for your own family. Cows have increased due to the upcoming popularity of using cows for dairy. -COLLECT MONEY FROM MARKET Item $ Corn Potatoes Wheat Rye Oats Field Hay Tobacco Cranberries Cattle Sheep Hogs $75 $75 $25 $75 $50 $25 $25 $125 $15 $15 $10 OUTCOMES 1. How much money did your “family” make? Did your “family” make a lot of money? 2. Did your family have a diversified farm? If so why was it diversified, if no then why wasn’t it? 3. Did your “family” make as much as you had hoped? 4. REMEMBER – you still have to pay back your $2000 loan. Did you make a profit?