My FiL was a farmer. He farmed 88 acres in NE Indiana. He raised chickens, eventually 40,000 at a time.
The work was hard beyond belief. To make the farm pay, he bought used farm equipment from farmers who failed, built his own buildings, mixed his own feed, and did well in marketing to find buyers.
He used USDA Extension advice and research on chicken breeding, nutrition, and disease control. When he started, progress in these three made chicken raising suddenly a hot field. But eventually the business mostly moved to the US South with warmer winters and cheaper labor.
He then was able to get a good job in the local county seat: He became the head of the local Rural Electric Membership Cooperative (REMC). In part he got that job because he was respected in the community from his participation in the church, the Bank BoD, Lions, the school board, etc.
For the land, he leased that year by year to someone with good, large scale equipment farming 1000 or so leased acres.
At one time, 90+% of the US population lived on farms. Now it's 10-%. Farmer productivity has made fantastic gains.
So, now, it's tough to make much money farming. One approach is specialized products for high end markets, maybe pheasants, ducks, goat cheese, mushrooms, etc.
There's a lot nice about farm living, but life can be nearly as nice in rural areas still near a town and with work not in farming. A good Internet connection can eliminate some of the effects of a lot of geographic distances.