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The agricultural sector ensures food security and is a major source of employment, income, and economic activity in rural areas. The Food and Agriculture Organization of the United Nations (FAO) considers that family farms are the key to a sustainable future in Europe and Central Asia. In Romania, small farms represent the pillar on which Romanian society has been developed. Although the trend has been a reduction in the number of small farms and an increase in the number of large farms, the Government of Romania understands the importance of small farms and therefore supports them through policies involving direct payments, rural development instruments, special initiatives, and loans and outstanding obligations, among others, which focus on increasing their economic performance. The aim of our research was to determine the relationship between farmers’ motivation, their job satisfaction, and the farm economic performance in the case of small Romanian farms. The research sample consisted of 900 small farms (utilized agricultural area (UAA): under 20 ha; standard output (SO): under EUR 15,000). The data obtained after applying the questionnaires were analyzed using SPSS 20.0 and Amos 24.0. For the exploratory factor analysis, values of Bartlett’s test of sphericity, the Kaiser–Meyer–Olkin test, and Cronbach’s alpha coefficient were calculated for each dimension of the proposed model. The hypothesis that motivation, job satisfaction, and farm economic performance directly and positively influence each other was confirmed. An important finding was that the correlation coefficient between farmers’ motivation and farm economic performance was ρ = 0.78, while that for the relation between farmers’ job satisfaction and farm economic performance was ρ = 0.53, which was similar to the correlation coefficient calculated for the relationship between farmers’ motivation and farmers’ job satisfaction. This result allows us to conclude that the influence of farmers’ motivation factors on farm economic performance is stronger than the influence of job satisfaction in the case of Romanian farmers on small farms. This might explain why, although work in agriculture is considered to be worse than an office job and the people that work in agriculture are sometimes stigmatized and receive lower incomes, there are still very strong motivators for Romanian farmers to continue their work in agriculture. This is proven by the fact that Romania has the highest number of small farms in Europe, and this number is not decreasing.