I wonder if Mr. Young will apply the same moral stringency to the rest of his distributors. I also wonder if his fans are aware of his own unscientific misinformation campaigns in regards to GMO foods.
I think most wonder - where does it end? What heterodox positions are tolerated and which ones aren’t? Especially in the context of something like a broad based music distributor.
I know less about the plight of farmers being forced to use GM seed, but I am intimately familiar with the decimation of insect life in the last decade.
For example, there are a number of artists who seem to glorify killing police. Should we consider it normal that big time artist XYZ would feel the need to remove their music from the service? Yes, it would be their right (I don't think anyone disputes that)... but... is that a good cultural trend?
To my eyes, this looks more like tribalistic posturing than some sort of principled stand for something.
But to try and answer your question; no, I think it's kind of silly. Someone like Neil Young can only do this sort of thing once and trying to use it to deplatform another entertainer doesn't seem to be the most useful (removing Joe Rogan's podcast or whatever won't make a dent in the cause he supposedly is fighting for) and also not particularly effective unless there is a cataclysm of high profile musicians removing their music from Spotify.
I do not condone censorship and I’m more concerned about the surgeon general suggesting that Spotify should censor Joe Rogan but these actions are also falling in the lines of free expression, which should be protected.