Corteva announces division of seed and pesticide businesses into two distinct companies

Corteva plans to split its seeds and crop protection businesses into two separate companies, the agricultural sector company reported on Wednesday, October 1. The decision confirms earlier reporting on Corteva's plans, which had a market value of approximately $46 billion on Tuesday, October 30. A result of the 2019 DowDuPont split, Corteva stated that both new companies will remain focused on technology and innovation after the separation, with operational models and capital allocation priorities better suited to their respective growth prospects, strategic directions, and value propositions. Headquartered in Indianapolis, Corteva provides farmers—from soybean growers in Iowa to corn cultivators in Brazil—with chemicals for weed and pest control, as well as biotechnological seeds developed to resist these products. The separation, expected to be completed in the second half of 2026, will have Greg Page, the current Corteva board chairman, as chairman of the new pesticide company, ...