Déjà vu: from the green revolution to gene revolution

Genetic engineering has sprouted due to the advanced researched conducted by experts. I am really curious on how this works... But unfortunately, this may entail negative effects for our environment.

The Green Revolution was a massive government and corporate campaign to persuade farmers in the developing world to replace many indigenous crops with a few high yielding varieties, dependent on expensive inputs of chemicals and fertilizers.
While substantially increasing crop yields, farmers were obligated to buy hybrid seeds dependent on chemical inputs and extensive irrigation. But more importantly, the Green Revolution destroyed crop diversity by supplanting local integral crop systems that were based on a wide genetic base and multiple use crops. Green Revolution crops displaced local varieties and forced farmers into a vicious dependency cycle.
The insecticides and herbicides that went along with the use of Green Revolution crops caused the loss of complementary harvests that had previously been provided by the paddy fields, such as fish, shrimp, crabs, edible herbs, frogs and wild plants. The loss of these harvests is seldom taken into account when yields of Green Revolution or GE crops are calculated. Genetic engineering of crops is an extension of this flawed paradigm.