Corteva
 | |
| Company type | Public |
|---|---|
| ISIN | US22052L1044  |
| Industry | Agricultural chemicals |
| Predecessors | Dow AgroSciences |
| Founded | March 2018 |
| Headquarters | , U.S. |
Key people | |
| Revenue |  US$16.9 billion (2024) |
 US$1.81 billion (2024) | |
| US$907 million (2024) | |
| Total assets | US$40.8 billion (2024) |
| Total equity | US$23.8 billion (2024) |
Number of employees | 22,000 (2024) |
| Parent | DowDuPont |
| Subsidiaries | Pioneer Hi-Bred International |
| Website | corteva |
| Footnotes / references [1] | |
Corteva, Inc. (also known as Corteva Agriscience), headquartered in Indianapolis, Indiana, is a producer of products for seed and crop protection.[1] The company produces herbicides, insecticides, fungicides, and biologicals (natural herbicides) that are sold in 110 countries.[1] The company's name combines "cor" (Latin for "heart") with "teva" (an ancient word for nature).[2]
The company owns Pioneer Hi-Bred International.
History
[edit]The company was formed in March 2018 as a subsidiary of DuPont. In June 2019, DuPont completed the corporate spin-off of the company and Corteva became a public company.[3]
In February 2020, Corteva ceased production of chlorpyrifos, a pesticide, due to declining sales after it was linked to neurological problems in children.[4]
In March 2023, the company acquired Stoller Group, a maker of natural pesticides for $1.2 billion. It also acquired Symborg, an expert in microbiological technologies based in Murcia, Spain.[5][6]
In November 2024, the company partnered with BP to develop a low carbon intensive bio-feedstock for the production of aviation biofuel.[7]
In 2025, the company introduced Forcivo, a fungicide for corn and soybeans containing flutriafol, azoxystrobin, and fluindapyr and targeting tar spot, southern rust, and frogeye leaf spot.[8]
Legal issues
[edit]In July 2020, a U.S. appeals court ruled that Corteva can continue to sell Enlist Duo, which contains 2,4-D choline and glyphosate, after environmentalists attempted to block sales of the chemical due to its effects on plants and wildlife. However, the court ruled that the U.S. Environmental Protection Agency properly relied on studies that showed that the volatility of 2,4-D choline salt will not cause unreasonable harm to the environment.[9]
In August 2022, Bayer sued Corteva for breach of contractual obligations related to the development and commercialization of E3 soybeans. Corteva then sued Bayer, alleging that Bayer infringed upon its patents on a gene used in Enlist Corn, which is resistant to herbicides such as Roundup.[10] In May 2025, the case was paused until the US Supreme Court considers whether to take up a separate patent-related case.[11]
In September 2022, the Federal Trade Commission sued Syngenta and Corteva, challenging certain US-based discount programs that allegedly block and restrict generic competition from pesticide markets.[12][13][14] In January 2024, a federal judge denied a motion to dismiss the lawsuit.[15]
Criticism
[edit]In March 2019, Corteva was criticised by the Humane Society of the United States for commissioning Charles River Laboratories to test its new fungicide on 36 beagles. Corteva argued that such testing is required by regulatory authorities but then agreed to stop the tests and release the animals to Michigan Humane for adoption.[16][17][18]
References
[edit]- ^ a b c "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2025.
- ^ "Brand Positioning & Purpose". Presciant.
- ^ "Corteva Agriscience, Agriculture Division of DowDuPont, Provides Pipeline Update" (Press release). PR Newswire. February 28, 2019.
- ^ Boudreau, Catherine (February 7, 2020). "Corteva phasing out controversial insecticide". Politico.
- ^ "Corteva Agriscience Completes Acquisitions of Symborg and Stoller" (Press release). PR Newswire. March 2, 2023.
- ^ Freitas, Tatiana; Elkin, Elizabeth (November 30, 2022). "Corteva to Buy Stoller in $1.2 Billion Deal to Boost Biologicals". Bloomberg News.
- ^ "Corteva Announces Intent to Partner with bp to Develop Low Carbon Intensity Bio-Feedstock for Aviation Fuel Production" (Press release). PR Newswire. November 18, 2024.
- ^ Held, Adrienne (June 5, 2025). "Corteva Introduces Forcivo Fungicide". Dotdash Meredith.
- ^ Polansek, Tom (July 23, 2020). "U.S. court allows sales of Corteva weed killer, adding to edge over Bayer". Reuters.
- ^ Yasiejko, Christopher (August 15, 2022). "Corteva Sues Bayer's Monsanto Over Roundup-Resistant Corn Patent". Bloomberg Law.
- ^ Yasiejko, Christopher (May 17, 2025). "Corteva Appeal Over Bayer Corn Paused for High Court Patent Case". Bloomberg Law.
- ^ "Syngenta and Corteva, FTC v." Federal Trade Commission.
- ^ "FTC and State Partners Sue Pesticide Giants Syngenta and Corteva for Using Illegal Pay-to-Block Scheme to Inflate Prices for Farmers" (Press release). Federal Trade Commission. September 29, 2022.
- ^ Thomas, Patrick (September 27, 2023). "Top Agriculture Company Corteva Accuses Startup of Stealing Seeds". The Wall Street Journal.
- ^ Scarcella, Mike (January 16, 2024). "Syngenta, Corteva must face FTC lawsuit over pesticide 'loyalty programs'". Reuters.
- ^ Sun, Mimi Hsin Hsuan (April 13, 2019). "Beagles force-fed pesticides, now released and up for adoption". CNN.
- ^ Schafer, Ashley (March 13, 2019). "Humane Society criticizes Corteva Agriscience for testing pesticides on beagles in Michigan lab". Midland Daily News.
- ^ Golgowski, Nina (March 19, 2019). "Chemical Company Agrees To Stop Force-Feeding Beagles With Fungicide". HuffPost.
External links
[edit]- Official website
- Business data for Corteva, Inc.: