GMO technology: used for good or for profit?

If GMO technology can be used for good -- will it?

"Refusing GM technology will hold back efforts to alleviate poverty and hunger, to save biodiversity and protect the environment."
 

--Baron Marc Van Montagu, president of the European Federation of Biotechnology
 

"Even if GMOs did increase the yield, is that extra food going to go to the people who need it? The reality is it won't, because Monsanto is not the St. Vincent DePaul Society. They're out there to make a big profit."
 

-- Fr. Sean McDonagh, Irish missionary and environmental writer

 

What do you think?