In a roundabout way yes. This thing doesn't take a single law or regulation off the books. It also doesn't stop any other laws from being written either.
But....when one gets challenged in court it'll likely fail to be kosher constitutionally. This is my biggest *****. It really needs some context as to the intent of the specific "rights" to be protected by the constitution. Like defining livestock and crops as being intended for food instead of just leaving it up to whoever wants to claim they are farming. Switzer's claim about puppy mills may well be legit. Can I start "farming" Anacondas in my back yard? I'd say I have a 50/50 shot. I swear we have the "no forward thinking'est" nimwits writing our laws. Do they teach that somewhere?
I wonder if this would fly in the face of so many "no pigs" or "no chickens" laws on several city's books. If people can have puppy mills, I wonder what would happen if somebody tried raising pit bulls in a city or town that doesn't allow them?