Yes. We feed so much grain to animals in order to fatten them up for consumption that if we all became vegetarians, we could produce enough food to feed the entire world. In the U.S., animals are fed more than 80 percent of the corn grown and more than 95 percent of the oats.
The world’s cattle alone consume a quantity of food equal to the caloric needs of 8.7 billion people—more than the entire human population on Earth. As noted in question no. 1 above, if one-third of all grain currently fed to factory animals is freed up, humans worldwide will have a lot more food to eat. Also, this will significantly promote real plant-based agriculture instead of factory farming of animals.