We did this. My wife has a masters in microbio, and I worked at IBM on their C++ and for Fortran compilers for about 8 years (yay std::atomics). I still do remote contract work to help pay for upgrades to the farm. Would be nice to get one of my side-projects finished and start pumping out some income streams, but it's not a big rush anymore. I have a point of sale system built with React and Haskell that integrates…
The work was hard beyond belief. To make the farm pay, he bought used farm equipment from farmers who failed, built his own buildings, mixed his own feed, and did well in marketing to find buyers.
He used USDA Extension advice and research on chicken breeding, nutrition, and disease control. When he started, progress in these three made chicken raising suddenly a hot field. But eventually the business mostly moved to the US South with warmer winters and cheaper labor.
He then was able to get a good job in the local county seat: He became the head of the local Rural Electric Membership Cooperative (REMC). In part he got that job because he was respected in the community from his participation in the church, the Bank BoD, Lions, the school board, etc.
For the land, he leased that year by year to someone with good, large scale equipment farming 1000 or so leased acres.
At one time, 90+% of the US population lived on farms. Now it's 10-%. Farmer productivity has made fantastic gains.
So, now, it's tough to make much money farming. One approach is specialized products for high end markets, maybe pheasants, ducks, goat cheese, mushrooms, etc.
There's a lot nice about farm living, but life can be nearly as nice in rural areas still near a town and with work not in farming. A good Internet connection can eliminate some of the effects of a lot of geographic distances.