True for the C from food, but the production process is energy intensive. Fertilizer production, tractors, etc all burn oil C which would otherwise have been left in the ground.
Overproduction isn't ideal from that point of view, but on the other hand it is at least to some extent also a necessary hedge against bad harvests – if you don't overproduce compared to your average requirements, then any even just mildly bad harvest would immediately cause food shortages, and that's something you really really wouldn't want to happen.
So, how about we solve energy instead (build nuclear powerplants)? Yet they still blame meat!