You are correct. The equipment costs are large, so the scale of the farm is, too. Not uncommon for a farmer in these parts to have between 5 and 10 sections (each section is a square mile, more or less, about 640 acres) in crops. Some farm more. The equipment to farm that, though, is upwards of a million dollars new.
If I may jump in here, I was in a Minot, ND Walmart yesterday noticing all the immigrants, many suspected illegals.
I was thinking they are populating the cities and own little to no land or property, that the vast quantity of land up here is owned by farmers, and due to technology, the farms keep getting bigger and the number of farmers fewer.
Recall Rhodesia, being very self sufficient agriculturally, now having to import food.
All the left needs to do is organize the immigrants, get them thinking of reparations for the Indians and Blacks and land reform, go out and hack up the farmers, take their land and start starving this nation.
Imagine, in 10 years or so, this land once of plenty having bread lines at empty government stores, just like Venezuela, and people still voting in the Commies.
The world is mad.