You've received some excellent advice on this. Usually there is more diversity of opinion. Good to read each response carefully. The key points are that farming is a mature industry however there is money to be made in specialty areas. You will be able to market the Dexter beef to a select customer base.
Renting the smaller fields is a great idea, as is growing slowly and making sure you don't get overextended. It would be great if you find a farm family willing to lease/sell because they like you and want to see the land kept in farming. Those people do exist but they are few.
A potential downside is that rented land vanishes after a few years due to some kind of development which brings in land buyers at high rates and you are left with having to liquidate your herd. This can also happen with a congenial landlord who dies and the heir just want fast cash.
Nothing ventured nothing gained. You may raise cattle on your own for a couple of years and decide you don't want to put out the effort after all, but you'll never know that until you try. I love raising cattle but hate marketing so I don't make any money but can't quit.
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Today's Featured Article - Tractor Traction - by Chris Pratt. Our first bout with traction problems came when cultivatin with our Massey-Harris Pony. Up till then, this tractor had been running a corn grinder and pulling a trailer. It had new unfilled rear tires and no wheel weights. The garden was already sprouting when we hooked up the mid-mount shovel cultivators to the Pony. The seed bed was soft enough that the rear end would spin and slowly work its way to the downhill side of the gardens slight incline. From this, we learned our lesson sinc
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