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 - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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