Mr. David Scott of Georgia. Thank you, Mr. Chairman. Mr. Spurlock, in the last year, 2015, when there was an assessment of the prices in production of corn, it was stated that it cost farmers $675 per acre to produce the corn, yet they could only get $611 back in revenue. Now, according to my calculations, that is a loss of $64 for every acre that is planted. They don't even break even. They lose $64.
Scott highlights the financial losses faced by corn farmers due to production costs exceeding revenue.
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