If you need Schedule F to enter your farm income and expenses, you must upgrade to Self Employed.
The expenses are more than the income, do you recommend we just let it go?
No you are required to enter all income and expenses on your tax return.
You may not qualify for filing a schedule F, if you are not operating a for-profit farm business (and/or raising backyard beef). It may be best for you to claim Hobby Income and Expenses and you would not have to upgrade to Self Employed.
Hobby Income is entered as other income, unless it's actually a business. The full amount you received must be reported. There is no expense allowed.