I'm all for drought resistant corn, rice, and wheat. ONLY and only if it is not the sole property of some large agro-company hell-bent on controlling profits and making poorer countries dependent on their product.
We've already genetically modified our sheep, cows, potatoes, pigs, tomatoes, chili peppers, corn (they used to only be a few inches long), grapes, peaches, nuts, beans, citruses, horses, cats, dogs, chickens, rice, plantains, for thousands of years. No reason to stop now.
Granted, I'm not the most educated on the subject, but having GM foods in the food chain, does that threaten other natural forms? Will it mean we will have only one kind of a certain food in the market? As long as there is variety, I don't see how this can be a bad thing. Somebody educate me here.