Sure. But I've never seen any evidence that small farmers aren't aligned with the protests. Is there any, or are the wealthy farmers simply a convenient target?
Whatever measures are taken should, in my opinion at least, focus on the highly automated mass polluting bio industry and subsidize smaller, eco- and animal-friendly businesses instead.
The massive food surplus clearly leaves plenty of space to trim down a bit. The resulting CO2 decrease might even allow a few new houses to be built.