The model doesn't work in commodity ag, but no model really works for that in the long term. It always takes more capital. Farms have been failing (or "consolidating", if you prefer) for 150 years. The bogeyman didn't shutter those banks. The nonviability of buying a bigger combine and renting more land every couple of years shuttered those banks. Such a bank could have stayed open if at least once every few years its county was the only one in the Great Plains to get rain. That would have been a lucky bank...

I'm not sure what will disrupt commodity ag, but it sucks, and the sooner it transforms into something else the better. The most successful farmers I know now are raising goats for halal butchers. I'm going to start crossing my cattle with "wagyu" bulls. Don't sell commodities.