The U.S. food industry is still not ready to embrace biotech wheat because of consumer wariness of genetic tinkering -- even though wheat acres are declining, a General Mills Inc. executive said on Monday. "We're going to continue to lose acres," Ron Olson, General Mills' vice president of grain operations, told Reuters in an interview. "But the food industry is going to pay whatever it takes (for wheat)," he said before giving a presentation to the National Grain and Feed country elevator conference in Kansas City.