THAT HAPPENS. NEW AT SIX CORTEVA IS SPLITTING UP INTO TWO INDEPENDENT COMPANIES. THE COMPANY SAYS ONE OF THEM WILL BE CALLED NEW CORTEVA, AND IT WILL TAKE OVER THE CROP PROTECTION SIDE OF THE BUSINESS. AND THE OTHER SPINCO WILL TAKE OVER THE SEED RESEARCH AND DEVELOPMENT BUSINESS. THE SPLIT IS EXPECTED TO TAKE EFFECT IN THE SECOND HAL
Corteva Agriscience to separate seed and crop protection businesses
Updated: 8:29 PM CDT Oct 1, 2025
Editorial Standards
Corteva Agriscience announced plans to split into two independent, publicly traded companies. The agriculture technology company said one of the new entities will be called New Corteva and will take over the crop protection side of the business. The other entity, SpinCo., will take over the seed research and development business.Upon separation, current Corteva Chair Greg Page will become chair of New Corteva; current Corteva CEO Chuck Magro will become CEO of SpinCo. Full board and management teams of both companies will be announced at a later date, according to the company.“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,” Magro said in a news release. “… 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 Magro. Corteva says the change is expected to take effect in the second half of 2026. The company’s headquarters are based in Indianapolis, Indiana, and its global business center is based in Johnston, Iowa.» Subscribe to KCCI’s YouTube page» Download the free KCCI app to get updates on the go: Apple | Google Play
Corteva Agriscience announced plans to split into two independent, publicly traded companies.
The agriculture technology company said one of the new entities will be called New Corteva and will take over the crop protection side of the business. The other entity, SpinCo., will take over the seed research and development business.
Upon separation, current Corteva Chair Greg Page will become chair of New Corteva; current Corteva CEO Chuck Magro will become CEO of SpinCo. Full board and management teams of both companies will be announced at a later date, according to the company.
“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,” Magro said in a news release. “… 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 Magro.
Corteva says the change is expected to take effect in the second half of 2026. The company’s headquarters are based in Indianapolis, Indiana, and its global business center is based in Johnston, Iowa.
» Subscribe to KCCI’s YouTube page
» Download the free KCCI app to get updates on the go: Apple | Google Play
