 | |
| Company type | Public |
|---|---|
| ISIN | US22052L1044  |
| Industry | Agricultural chemicals |
| Predecessors | Dow AgroSciences Pioneer Hi-Bred International |
| Founded | 2019; 6 years ago (2019) |
| Headquarters | , U.S.[1] |
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 |
| Website | corteva |
| Footnotes / references [3][4] | |
Corteva, Inc. (also known asCorteva Agriscience) is a major Americanagricultural chemical and seed company that was the agricultural unit ofDowDuPont prior to being spun off as an independentpublic company.
DowDuPont announced the Corteva name in February 2018, saying that it was "derived from a combination of words meaning 'heart' and 'nature.'"[5] Corteva became apublic company on June 3, 2019,[6] when DowDuPont distributed Corteva shares to its shareholders.
The DowDuPont agricultural businesses that became Corteva had revenue of over $14 billion in 2017,[7] which would have placed the company in theFortune 500 for that year. A major part of the company isPioneer Hi-Bred International, which DuPont purchased in 1999.[8]
In February 2020, Corteva, then the largest US-based manufacturer of the pesticidechlorpyrifos, announced that it would cease chlorpyrifos production by the end of 2020.[9]
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.[10]
Corteva worked withCHD Group,Sewa Bharti, Pradhan to supportCOVID-19 missions across India for farmers.[11]
In March 2019 Corteva was criticised by theHumane Society of the United States for testing a new fungicide onbeagle dogs as such testing is required by regulatory authorities.[12] 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.[13][14][15]
In 2022, theFederal Trade Commission announced that it is initiating litigation against Corteva, challenging certain US-based discount programs extended to their respective customers.[16][17] In January 2024, a federal judge ruled that bothSyngenta and Corteva must face the FTC lawsuit.[18]