Now that I'm seeing
#2 with the wheat as the "I", I'm realizing that it doesn't work well that way. The font seems just right, but it disrupts it just a bit too much. I'm wondering whether it makes sense to preserve the "I" as text, but bring the wheat element in as a break between "BREAD" and "ALIVE", in which case keeping it shorter and clearer (three tall, as in
#1) with the circle in top a different color, might work.