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I mean, there exists many options between the extremes of veganism and rampant factory farming. This isn't a dichotomy; we can have meat consumption without the need for industrialized meat production.
We may have to eat less meat though, I will concede.
What is an extreme is relative. Are we in an extreme because we don't tolerate slavery? Is having only one slave less extreme then? In the current context I guess you can see veganism as one end of the spectrum, but calling it an extreme has the connotation that it is an unreasonable position.
We can have meat consumption without the industrialized part, sure. But ethical veganism claims eating animals is wrong, regardless of how you kill them. Just like we now consider slavery to be wrong, regardless of how good the slave is treated.