Not really - if the market price for a crop is such that it depends on the greater volume which can be produced by GMO seeds, switching to non-GMO seeds becomes uneconomic.
Let's say GMO crops gives you a grain yield of 1-ton/acre and that non-GMO crops gives you a yield of 0.5-ton/acre. Now the market price is say set at $100/ton. This cuts down their earnings by half in the best case, all other inputs remaining the same.
Now if the GMO-seeds are controlled by a foreign entity, your entire agri output becomes dependent on that foreign entity not behaving badly. Whichever nation that controls the entity who owns the GMO-seed now has leverage over you.
So no, it isn't as simple as "switch back to using non-GMO seeds". This has to be carefully considered before adopting GMO-seeds.