The 80's will be very different and the Breadbasket will be affected not to mention so many other things.
Yeah, US food production will take a huge hit - I don't think there will be starvation, since the Europeans have a surplus we can buy, but the loss of the US as an exporter for a while at least will have negative effects on the third world (food prices will go up sharply) and on the Soviet Union, which won't have US wheat to buy for a while.
The US will become less dependent as time goes on: I can imagine some heavy government subsidies to grow food in areas outside the breadbasket (a lot of the US used to be major food producers before being outcompeted by large-scale industrial farming out west) - those which haven't been covered with suburbs and parking lots, anyway. And what remains of US agribusiness will probably invest in increased production outside the US, in Latin America for instance. European production will also probably increase somewhat.
Not sure how the USSR will handle it. Oil prices are still low in 1972: does anyone know how much of its food the USSR was importing by 1972? And speaking of oil prices, with the US temporarily crippled, they may be rather less willing to go to bat for Israel. If there is a *Yom Kippur war, Israel might go with the nuclear option. Add in a destabilized USSR and a struggling US - oy.
Anyhoo, geologically impossible. Goes to ASB.
Bruce