Corteva

{{Infobox company

| name = Corteva, Inc.

| logo = Corteva_logo.svg

| logo_size =

| logo_alt =

| logo_caption =

| image =

| image_size =

| image_alt =

| image_caption =

| trading_name =

| native_name =

| native_name_lang =

| romanized_name =

| former_name =

| type = Public

| traded_as = {{ubl|{{NYSE|CTVA}}|S&P 500 component}}

| ISIN =

| industry = Agricultural chemicals

| genre =

| fate =

| predecessors = Dow AgroSciences
Pioneer Hi-Bred International

| successor =

| founded = {{Start date and age|2019}}

| founder =

| defunct =

| hq_location =

| hq_location_city = Indianapolis, Indiana

| hq_location_country = U.S.{{cite web | title=Corteva Announces EVP Rajan Gajaria's Retirement, Designates Indianapolis Global Headquarters | website=Corteva Agriscience | date=2022-02-08 | url=http://www.corteva.com/resources/media-center/corteva-announces-evp-rajan-gajarias-retirement-designates-indianapolis-global-headquarters.html | access-date=2022-02-09}}

| num_locations =

| num_locations_year =

| area_served =

| key_people = {{unbulleted list|Chuck Magro (CEO){{cite web | title=Chuck Magro | website=Corteva Agriscience™ | date=2021-04-09 | url=http://www.corteva.com/who-we-are/our-leadership/chuck-magro.html | access-date=2022-03-18}}}}

| products =

| brands =

| services =

| revenue = {{nowrap |{{decrease}} {{US$|16.9 billion|link=yes}} (2024)}}

| operating_income = {{increase}} {{US$|1.81 billion}} (2024)

| net_income = {{increase}} {{US$|907 million}} (2024)

| assets = {{decrease}} {{US$|40.8 billion}} (2024)

| equity = {{decrease}} {{US$|23.8 billion}} (2024)

| num_employees = 22,000 (2024)

| parent =

| divisions =

| subsid =

| website = {{URL|corteva.com}}

| footnotes = {{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/30554/000175567225000005/ctva-20241231.htm |title=2024 Annual Report (Form 10-K) |date=February 14, 2025 |publisher=U.S. Securities and Exchange Commission}}{{Cite web|url=https://www.agriculture.com/news/business/corteva-agriscience-now-stands-on-its-own|title = Corteva Agriscience Now Stands on Its Own|date = 3 June 2019}}

}}

Corteva, Inc. (also known as Corteva Agriscience) is a major American agricultural chemical and seed company that was the agricultural unit of DowDuPont prior to being spun off as an independent public company.

DowDuPont announced the Corteva name in February 2018, saying that it was "derived from a combination of words meaning 'heart' and 'nature.'"{{cite web|url=http://www.dupont.com/corporate-functions/media-center/press-releases/dowdupont-agriculture-division-to-become-corteva-agriscience.html|title=DowDuPont Agriculture Division to Become Corteva Agriscience as It Progresses Toward Becoming a Stand-Alone Company - DuPont USA|website=www.dupont.com}} Corteva became a public company on June 3, 2019,{{cite press release | url=https://www.prnewswire.com/news-releases/corteva-agriscience-agriculture-division-of-dowdupont-provides-pipeline-update-300804201.html | title=Corteva Agriscience, Agriculture Division of DowDuPont, Provides Pipeline Update | publisher=PR Newswire | date=February 28, 2019}} when DowDuPont distributed Corteva shares to its shareholders.

History

The DowDuPont agricultural businesses that became Corteva had revenue of over $14 billion in 2017,{{cite news|url=https://www.chemistryworld.com/news/dowdupont-names-its-three-new-separate-businesses/3008721.article|title=DowDupont names its three new separate businesses|first=Rebecca |last=Trager|date=March 2018|website=Chemistry World}} which would have placed the company in the Fortune 500 for that year. A major part of the company is Pioneer Hi-Bred International, which DuPont purchased in 1999.{{cite web |title=DuPont Agrees to Purchase Of Seed Firm for $7.7 Billion |url=https://www.wsj.com/articles/SB921268716949898331 |publisher=WSJ |date=March 15, 1999}}

In February 2020, Corteva, then the largest US-based manufacturer of the pesticide chlorpyrifos, announced that it would cease chlorpyrifos production by the end of 2020.{{cite news |last1=Boudreau |first1=Catherine |title=Corteva phasing out controversial insecticide |url=https://www.politico.com/newsletters/morning-agriculture/2020/02/07/corteva-phasing-out-controversial-insecticide-785157 |accessdate=7 March 2020 |publisher=Politico |date=7 February 2020}}

In August 2022, Bayer CropScience sued Corteva alleging that they breached contractual obligations related to the development and commercialization of E3 soybeans. Corteva filed a suit of their own hours later, alleging that Bayer infringed upon one of its patents on a gene used in Enlist Corn, which encodes a unique herbicide resistance enzyme and is part of their Enlist Weed Control System.{{cite web |last1=Lee |first1=Larry |title=Bayer & Corteva Sue Each Other |url=https://brownfieldagnews.com/news/bayer-corteva-sue-each-other/ |date=August 15, 2022}}

Criticism

In March 2019 Corteva was criticised by the Humane Society of the United States for testing a new fungicide on beagle dogs as such testing is required by regulatory authorities.{{cite news|url=https://www.ourmidland.com/news/article/Humane-Society-nbsp-criticizes-Corteva-13685980.php|title=Humane Society criticizes Corteva Agriscience for testing pesticides on beagles in Michigan lab|date=13 March 2019|work=Midland Daily News}} It has said the company will "proactively engage with government officials to minimize or cease animal studies, where possible, and once the industry receives confirmation that animal testing is no longer required, it will cease testing immediately and make every effort to re-home the animals" after it was reported that researchers intended to put the animals to death.{{cite news|url=https://www.huffpost.com/entry/corteva-agriscience-beagle-testing-stopped_n_5c90dffbe4b04ed2c1aeb7c3|title=Chemical Company Agrees To Stop Force-Feeding Beagles With Fungicide|date=19 March 2019|first=Nina |last=Golgowski|work=HuffPost US}}{{cite news|url=https://www.abc12.com/content/news/Corteva-announces-end-of-beagle-tests-after-Humane-Society-of-US-investigation-507325591.html|title=Corteva announces end of beagle tests after Humane Society of U.S. investigation|work=ABC12|date=March 18, 2019|archive-date=April 17, 2019|access-date=April 17, 2019|archive-url=https://web.archive.org/web/20190417165337/https://www.abc12.com/content/news/Corteva-announces-end-of-beagle-tests-after-Humane-Society-of-US-investigation-507325591.html|url-status=dead}}{{Cite news|url=https://www.cnn.com/2019/04/13/us/pesticide-testing-beagles-released-and-up-for-adoption/index.html|title=Beagles force-fed pesticides, now released and up for adoption|last=Hsin Hsuan Sun|first=Mimi|date=April 13, 2019|work=CNN|access-date=April 19, 2019}}

In 2022, the Federal Trade Commission announced that it is initiating litigation against Corteva, challenging certain US-based discount programs extended to their respective customers.{{Cite web |date=2022-09-29 |title=Syngenta and Corteva, FTC v. |url=https://www.ftc.gov/legal-library/browse/cases-proceedings/191-0031-syngenta-corteva-ftc-v |access-date=2023-09-22 |website=Federal Trade Commission |language=en}}{{Cite news |last=Thomas |first=Patrick |title=Top Agriculture Company Corteva Accuses Startup of Stealing Seeds |url=https://www.wsj.com/business/top-agriculture-company-corteva-accuses-startup-of-stealing-seeds-9b288763 |access-date=2024-02-08 |work=WSJ |language=en-US}} In January 2024, a federal judge ruled that both Syngenta and Corteva must face the FTC lawsuit.{{Cite web |title=Syngenta, Corteva must face FTC lawsuit over pesticide 'loyalty programs' |website=Reuters |url=https://www.reuters.com/legal/government/syngenta-corteva-must-face-ftc-lawsuit-over-pesticide-loyalty-programs-2024-01-16/ |access-date=2024-02-08}}