Technological advancements are not the panacea for the global food and fuel situation. While the Green Revolution propelled population growth and development over the last half of the previous century, the benefits have yielded diminishing returns as the environmental degradation spurred by irresponsible cultivation, corporate short-sightedness and opportunism, and unbridled consumption by a small proportion of developed societies has placed the world in an even more compromised position, as we seek to remediate our over-hasty estimation of the earth's ability to rebound. 
The issue of corporate involvement in the production of biofuels is a looming example of how de facto economic apartheid is threatening to derail efforts to prevent further deforestation and reign in the feedback loops contributing to climate change.  How we respond as a community of developed nations and the maturity with which we can temper commericial interests with an eye to the long term good will be a key factor in how we either rise to the challenge or choke in our own dust. 

GM crops, biofuels, and other green bandaids for our underlying consumption problem worse.  As companies see the spectre of peak oil in a falling bottom line, they will scramble to find any alternative that will keep them solvent, at whatever the environmental cost in the long term.  With a burgeoning plant of 7 billlion or more, we will have to go back to basics to solve our fuel and food scarcity problems.  Going back to basics to solve the impending global crisis will require maturity, cooperation, and focused effort on an international scale.   
Biofuels seems like a green solution, but in fact, as we've seen with the jatropha plant, ethanol, and other sources of plant based fuel, the land and the resources this production consumes is almost worse in the long term than conventional fuels for the environment, particularly for water and soil. 
Without oversight to mitigate the corporate interests inevitably entangled with any initiative to use green technology as a strategy to boost crop yields and in the developing world,  Such attempts are like trying to outrun a tsunami, or outmaneuver the wave of desertification in the wake of the slow-moving barge of climate change.  Like a band-aid that we are stretching over an metastasizing tumor, companies play their green inititiaves as a way to lull the public into thinking the status quo will suffice—which it won't.  Demand and consumption must be reduced, as we seek to find remedial strategies that will also meet our needs our inflated sense of needs.  And in the developed world’s case, our inflated sense of necessity vs. amenity compromises the sustainability of the global food system. While Monsanto and ADM, IRPand other corporate interests portray the sense that their goods are ultimately good for the planet, they are perpetuating a type of apartheid system in which small farmers are beholden to outside interests that exert undue control over their struggling economies and support imbalanced development.  Biofuels merely make the poor poorer and the environment even more degraded. 
While Monsanto and ADM, IRPand other corporate interests portray the sense that their goods are ultimately good for the planet, they are perpetuating a type of apartheid system in which small farmers are beholden to outside interests that exert undue control over their struggling economies and support imbalanced development.  Biofuels merely make the poor poorer and the environment even more degraded.