Tom Giessel is a fourth generation farmer near the city of Larned, Kansas, who considers his commodities to be his currency.
Giessel had a fine crop this year, thanks to the good weather in central Kansas. After his landlord took a cut, Giessel made $240 dollars an acre. But, he figures that one acre can’t buy even one bag of seed corn, his second crop this summer, because it costs $300.
“I used 500 acres of my total wheat crop just to buy that corn,” he said, “let alone any fertilizer, herbicide, machinery, my time.”