[1] Organized by rancher Raymond Knight, cowboys from nearby ranches were invited to participate in events such as saddle bronc riding and steer roping.
Ray Knight, the stock contractor, supplied the bucking horses and roping steers from his ranch on the Milk River Ridge south of town.
In 1903, Raymond Knight financed the construction of Canada's first permanent rodeo grounds, which featured an oval track, a single bucking chute, and a covered grandstand.
Notable bucking horses from the early years of the Raymond Stampede include Easy Money, Box Car, Slim Sweden, Wild Boy, Calico Kid, Jack Dempsey, Tommy Gibbons, Ironsides, Lonely Valley Grey, C Cross Black, C Cross Grey, Horned Toad, Hot Shot, Spot-on-the-Belly, and Fox.
Due to the traditional Sabbath observance in the predominantly Latter-day Saint community of Raymond, the Stampede is held on June 30 when July 1 falls on a Sunday.