cappytan:
"On the other hand, I recognize that a company would soon go bankrupt if they didn't restrict the use of seeds, and then you wouldn't have innovations, or corners would start to get cut."
Monsanto would not go bankrupt because it already had a steady stream of income from other products such as selling non-GMO hybrid seeds to farmers.
"Before any GMO product goes to market, it is tested thoroughly. I don't know what tests they perform (I'm by no means an expert), but I would imagine allergy tests would certainly be one of them since it's a product for consumption."
That's an assumption that I care not take for granted.