By: ICN Bureau
Last updated : October 03, 2025 8:20 am
SpinCo to be a leader in advanced genetics and build upon a century-long track record of customer loyalty, elite breeding, market leadership and financial strength
Global agriculture technology leader Corteva announced that it will split its seed and crop protection businesses into two independent publicly traded companies.
The breakup was unanimously approved by Corteva's board of directors and will be executed through a tax-free spin-off of the seed business to shareholders.
The new companies will be "New Corteva," focused on crop protection, and "SpinCo," centered on the seed business, which includes the Pioneer brand.
The company stated that separating the businesses will allow each to have a sharper strategic focus and tailored capital allocation. The move may also help shield the seed business from potential litigation risks associated with crop protection products, similar to the issues faced by competitors like Bayer with its Roundup product.
This is the second major restructuring for Corteva since it was spun off from the DowDuPont merger in 2019.
“Over the past six years, we have taken deliberate steps to build a strong, successful technology company: we simplified our portfolio, reduced cost, invested in high-return endeavors and ensured our pipeline would maximize impact to farmers and returns to the company. As a result, Corteva has become the clear industry leader, with market-leading positions in both crop protection and seed. As we look to the future, we want to best position both businesses to win in their respective markets and accelerate value for shareholders,” said Corteva CEO Chuck Magro.
Magro continued, “The seed and crop protection markets have evolved, and as a result, we see the opportunities ahead for both companies diverging – this is the right time to act to stay ahead of the market. This separation will allow both businesses to maximize long-term value creation by focusing on their own priorities. As such, we see this separation as the logical next step in their growth trajectory.”
The separation is expected to be completed in the second half of 2026.