I overall agree with your conclusion. It is important to also note that some GMO use (or, incorrect use of GMO's) can result in damage to the local ecosystem, for example if the chemicals make their way into local rivers there is a danger to the wildlife inhabitants that live there.
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But then, that is not incorrect use of the GMOs right? It is incorrect use of the chemical products such as insecticides and pesticides. The same happens with non-GMO crops. Because, I insist, GMOs are not chemical, there is no chemical products in them