When well regulated and tested will help produce food for the growing world population.
No. It won't.
The Bill Gates/Monsanto Bootlicker Brigade wants to pretend that it's (somehow) the actual foodcrops we have at our disposal that is (somehow) "flawed" and therefore requires unnecessary and (thoroughly patentable) meddling to "fix" - but, like all capitalist "solutions" to the problems caused by capitalism, it is merely a disasterous (but profitable) distraction.
And, of course, this is quite apart from the fact that the right-wing histrionics about "population growth" has turned out like all other right-wing histrionics - false. In a few decades' time, you'll see these same capitalist bootlickers peddling the dubious wonders of GMOs now whining about population shrinkage.