Besides, what makes you think that regulators get things right? Even if you ignore regulatory capture, regulators are imperfect, have less information than market participants have, and have their own goals.
I don't think it is reasonable to assume anything but heat death will win the resource battle in this universe.
I will suggest this though, nature has been out-engineering nature for eons longer than we have, so if you want to get technical it gets the benefit of the doubt here. Our own tinkering has yielded incredible boons and shouldn't be quickly dismissed but we can't ignore the potential dangers and the history of global risk human greed and power seems willing to incur to get what it wants. That's all.
Also reading the grandparent, I don't think his point was that man can't out engineer nature, but that there is a heavy risk inherent in Monsanto's corporate strategy of trying to creating super breeds and monopolize markets with them to the exclusion of diversity (note this is generally considered bad for the market not just nature, call diversity a natural law if you will). So both child comments are arguing for and against a straw man, which, again if you want to be technical about things, is a fallacy.
Full disclosure: I love me some heirloom vegetables from my farm share (dirty hippy I know!)