That's what it is and frankly, that's what's required too. We have too many people to be able sustain them all with cutesy farm to table ensembles and home grown vegetables.
If you believe their research that is.
[1] https://rodaleinstitute.org/
[2] https://rodaleinstitute.org/assets/FST-Brochure-2015.pdf
Citation needed. It's not like we'd have some food crisis if we didn't have a "food industry", by which people usually mean the actively harmful and inducing food staff that's mass manufactured, you know the 20,000 mass market varieties of sodas, chips, snacks, burgers and such.
If you just mean "agriculture at scale", we had that since ancient Babylon.
In fact, outside of floods and famines that are orthogonal to what we're talking about, many countries do just fine feeding their populations with 1/10 or 1/20 of such an industry as it exists in the US.
Edit: I also know a world-class chef who agrees that the McRib is one of the most tasty things ever developed. But you don't eat that every day...
We would have plenty only so many want to eat meat with every meal.