If you factor in all the costs, without some sort of specialization the small farmer just does not have the economy of scale to stay profitable. Much like the small mom and pop stores of a generation or two ago. However, I can see the small land owners that rent out their ground, or farm for their own recreation, continuing for generations into the future.
One thing that hurts the small farmer is intense competition with other small farmers. It seems whenever a commodity or a livestock becomes truly profitable, small farmers try to jump into a good thing too late and bid up their input prices back up to break-even levels, pricing out any chance of making a profit.
Some legislation intended to help small farmers can kill rural communities, especially the property tax relief. As property tax costs are shifted to rural homeowners and businesses, many move away, schools consolidate into the larger towns, more local stores close, and too many rural communities are becoming "counties in distress" or "rural ghettos".
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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