This is a rhetorical question, because for broad-acre farmers, we are price takers. We therefore have to find opportunities for production efficiency.
But for Julie Bateman and Over the Moon Organics, west of Albany, a different business model has been achieved. Julie spoke at the ABARE outlook day in Albany on August 21st. They have set up a dairy on 30 acres, with 24 cows.

In itself, a unit of that size would not be viable producing for a mass market. Instead, by processing the milk themselves, and usually selling direct through farmers markets, they have built a profitable business.

The Facebook site for the business is worth a look to understand how they have achieved this -
https://www.facebook.com/overthemoonorganics
It makes the point that good profits are available beyond the farm gate. Obviously farming itself is not the only way to make a living.