It's an agenda that doesn't hurt any more than the other agendas when stolen, yet it's a 5/3 you can include in your deck to make it so that if you manage to score it, you only need to have scored 3 agendas total. Lowering the density of points available to the runner is desirable, and it's hard to justify any 5/3 over Food, even The Future Perfect (especially since Film Critic exists).
Clearly, not every deck wants it, but decks that run 5/3s now have to figure out if they can make room influence-wise for Food and whether the other 5/3s available to them are in any way more valuable than the others whose abilities are rarely worth it.
I mean, I don't think I'd ever put Food into a fast advance deck. Nor would I necessarily put it into a Jinteki deck (though I sometimes do). But given the number of currently playable 5/3s, I cannot help but think that there are few other options.
I think the one influence is enough, especially with the Most Wanted List reducing space influence-wise even in HB, the faction that many have noted to have a lot of extra influence.