Currently, smart farming is considered an effective solution to enhance the productivity of farms; thereby, it has recently received broad interest from service providers to offer a wide range of applications, from pest identification to asset monitoring. Although the emergence of digital technologies, such as the Internet of Things (IoT) and low-power wide-area networks (LPWANs), has led to significant advances in the smart farming industry, farming operations still need more efficient solutions. On the other hand, the utilization of unmanned aerial vehicles (UAVs), also known as drones, is growing rapidly across many civil application domains. This paper aims to develop a farm monitoring system that incorporates UAV, LPWAN, and IoT technologies to transform the current farm management approach and aid farmers in obtaining actionable data from their farm operations. In this regard, an IoT-based water quality monitoring system was developed because water is an essential aspect in livestock development. Then, based on the Long-Range Wide-Area Network (LoRaWAN) technology, a multi-channel LoRaWAN gateway was developed and integrated into a vertical takeoff and landing drone to convey collected data from the sensors to the cloud for further analysis. In addition, to develop LoRaWAN-based aerial communication, a series of measurements and simulations were performed under different configurations and scenarios. Finally, to enhance the efficiency of aerial-based data collection, the UAV path planning was optimized. Measurement results showed that the maximum achievable LoRa coverage when operating on-air via the drone is about 10 km, and the Longley-Rice irregular terrain model provides the most suitable path loss model for the scenario of large-scale farms, and a multi-channel gateway with a spreading factor of 12 provides the most reliable communication link at a high drone speed (up to 95 km/h). Simulation results showed that the developed system can overcome the coverage limitation of LoRaWAN and it can establish a reliable communication link over large-scale wireless sensor networks. In addition, it was shown that by optimizing flight paths, aerial data collection could be performed in a much shorter time than industrial mission planning (up to four times in our case).