Are you planning on working (your farm) into your 80s?
If you're so pessimistic that you literally sell your conventional assets to buy a farm, your retirement plan must involve children or some community inheriting it and taking care of you in your old age.
But even if it doesn't, you're still probably ahead in your pessimistic scenario (e.g. surviving relatively comfortably until retirement age, instead of dying earlier in some kind of collapse).
My farmland pays a rent dividend on the order of 2-4%/yr and I don't even have to be there or even show up to collect it.
I bought my farmland because I consider it doing my part to preserve the planet. I'm a big believer in the future of locally produced food and more local communities in reducing emissions and _corporate wastefulness_. As a side benefit it will preserve my standard of living. I thoroughly enjoy steak and so do a lot of other people. Livestock, land, and gold have preserved wealth since ancient times.
The alternative might be living in 800sf apartments in a 15 minute city eating whatever food is on offer. Living through screens all day. Perhaps their kids will enjoy that way of life more than the sun on their face on a May afternoon with birds chirping in a field of grass wet with dew petting their livestock.
In all seriousness, I could see the value of that in some idyllic context of a family farm but the days of having children for the sake of cheap labor are over (in the US at least).
Ah, you hit on it. That is the attitude! Problem is everyone has that entitlement. Trillions and trillions of claims.
I have a few acquaintances who consider themselves "peppers". When social distancing and travel restrictions started at the beginning of COVID, they were pretty much the first ones to crack and start complaining on social media about how unfair it was that they couldn't go shopping for khakis. So much for rugged self-reliance!