humans have been doing it for 1000's of years. that is a much longer record of sustainable success than anything else we know of.
there isn't any particular reason to think that industrial agriculture will fail any time soon. the worst case scenario is that it becomes more expensive over time. we spend <5% of our GDP on food, so even a 10X increase in raw production cost would be survivable.
we massively over produce food (30% of corn burned as gasoline off the top, another large percentage of soy and corn used as animal feed, huge amounts of waste) and the biggest nutrition problem we have is obesity.
the US has huge amounts of underutilized marginal land simply because there is no reason to use it. we already have way too much food.