I wouldn't go as far as saying it has "NO future". I think we are seeing a correction right now. From an over-reliance on animal agriculture and hopefully start transitioning to a more balanced relationship with animal agriculture.
Well, it's terribly wasteful in terms of resources. And so, compared to just using plants where possible (like with alternative dairy, plant-based meats etc.):
1: it's not sustainable ecologically (compare: https://www.drawdown.org/solutions);
2: it wouldn't be sustainable economically if not for the subsidies