Now if you are talking about wheat, corn and soybeans then you are mostly right. Unless they are growing for a seed company most small farms don't bother. They raise things that have a higher return.
But there are still small and medium sized farms that are family owned. Although in some cases they are like one family I know that owns a very successful small business that they started to bring in a little extra cash for the farm. The business has far outstripped the farm in income but they still own the farm and one of the daughters and her husband took it over.
I am in IL. I don’t know a farmer without a side business or a wife with a job/healthcare in town. You saw the stats, no?
There are only 43K farms with gross, not net, but gross income of $1 million or above. The majority of farmers, the vast majority are just scraping by. It’s always been a tough business.
Corporate farming or niche farming is the only way to turn a reasonable profit given all the work and risk. My point is that farm subsidies benefit the 1100 or so corporate farmers. The numbers are broken out to hide that.