I do not think you can make it as a small farmer in the United States anymore. I find it very sad that I have reached this conclusion, as I am ideologically sympathetic to the argument that producing food from the land is on the short list of fantastic human achievement you can accomplish in life.
But the profit per acre just isn’t there anymore.
I was looking at the recent University of Iowa estimates for the costs per acre associated with corn, and I can’t but reminisce about the old quip often applied to newspaper investing “What’s the best way to make a small fortune in this industry? Start with a large fortune.”