Sounds like you are more interested in giving him away. I think if your husband is interested in raising chickens for meat you may want to try butchering the cockerel.
To me, raising your own meat is a good thing. However, there are some things to consider. Has your husband thought about how you will feed all the chickens you raise for meat?. If the economy really does go down the crapper (personally I think people will go back to work before that point) then where will you buy food? Some folks are already having a hard time finding feed because others are hoarding it. (Which is dumb because it losses it's nutritional value after a couple months.) My birds free range on 3 acres and I still have to buy them feed all year. I'm guessing your backyard can't sustain a very big flock.