Corteva Plans Split Into Two Independent Agribusinesses – Here Are The Details

Corteva Inc. (CTVA) on Wednesday announced plans to divide its operations into two standalone public companies, each focused on a separate segment of the agriculture industry: crop protection and seed genetics. 

The move, approved unanimously by its board of directors, is expected to be finalized in the latter half of 2026 and is intended to be a tax-free transaction for U.S. shareholders.

The newly formed entities are referred to as “New Corteva” for the crop protection business and “SpinCo” for the seed division. Corteva stock inched 0.2% lower in Wednesday’s premarket. 

On Stocktwits, retail sentiment around the stock remained in ‘bearish’ territory amid ‘normal’ message volume levels.

Current Corteva Chair Greg Page will take the helm as Chair of New Corteva, while CEO Chuck Magro will lead SpinCo. Full leadership teams for both firms will be unveiled closer to the transaction’s completion.

Each company will adopt a different capital allocation strategy, operational blueprint, and investment philosophy tailored to its respective markets.

New Corteva will focus on delivering crop protection technologies, with an emphasis on sustainable innovation, including the fast-growing biologicals segment. In 2025, the crop protection division is expected to generate approximately $7.8 billion in net sales, accounting for around 44% of Corteva’s total. 

SpinCo will inherit Corteva’s seed business and will aim to deploy advanced genetics to enhance yield, sustainability, and crop resilience for farmers. Its 2025 net sales are forecasted to reach $9.9 billion, representing 56% of the company’s current sales.

Corteva stock has lost over 11% year-to-date and over 9% in the last 12 months. 

Also See: Reddit Stock Tumbled 9% Today – More Details Inside

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