Corteva Agriscience Showcases Leading R&D Pipeline Advancements

Rhea-AI Summary

Corteva, Inc. (NYSE: CTVA) showcased its innovative R&D pipeline aimed at enhancing productivity and sustainability in agriculture during its Investor Day on Sept. 14, 2022. The company emphasized its commitment to addressing global challenges such as food security and climate change. Key innovations include reduced stature corn, advanced seed breeding techniques, and new crop protection products like Inatreq™, all focused on improving yield and profitability for farmers. Corteva's approach incorporates sustainable practices, reinforcing its long-term growth potential and value creation for farmers and shareholders alike.

Positive

• Innovative R&D pipeline with a focus on sustainability and productivity.
• Introduction of advanced breeding techniques and proprietary biotechnology traits.
• New crop protection products designed for disease control and sustainability.
• Development of renewable energy options through proprietary winter canola varieties.

Negative

• None.

Sustainable innovation fuels Corteva's future product offerings, creating value now and for decades to come for farmers, shareholders and society

INDIANAPOLIS, Sept. 14, 2022 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) highlighted its leading pipeline of seed and crop protection innovations focused on increasing farmer productivity and profitability with best-in-class, differentiated, and sustainably-advantaged solutions at the Company's Investor Day and R&D Field Showcase.

"We have refined our company's strategy, our operating model and our culture, all designed to meet the global challenges of food security, climate change and the energy transition, but also drive greater value for farmers and allow Corteva to reach its full potential," said Chuck Magro, Chief Executive Officer, Corteva Agriscience. "We have a very attractive long-term growth profile fueled by our innovation engine that is unique and different than others in the industry."

Sustainable innovations address productivity, climate and food security

An industry leader in innovation, the Company is building on its 100-year corn breeding history with new advanced breeding techniques and proprietary biotechnology traits while developing next generation sustainability-advantaged crop protection products. 

"Farmers need improved products that solve farm-level and field-level specific challenges, all while helping improve the overall sustainability of agriculture," said Sam Eathington, Chief Technology Officer and Digital Officer, Corteva Agriscience. "Corteva is up to this challenge."

Corteva showcased how its R&D pipeline will help farmers increase yield potential and protect that yield as they face increasing pressure from weeds, insects, diseases, and weather events, including:

• Reduced stature corn that allows farmers to optimize how they manage their fields while having a more climate resilient crop.
• Advanced seed breeding and gene editing to unlock additional power of native genetics to improve yield potential, enhance disease resistance, and build new value-added seed protein and oil products. 
• Differentiated and sustainably-advantaged crop protection products like Inatreq™ active, Adavelt™ active and Haviza™ active - three naturally inspired actives for disease control. This family of fungicides uses a new mode of action, has numerous favorable sustainability benefits, and represents generations of innovation for food production and sustainability.
• Expanded source of renewable energy, with a new winter oilseed/soybean double cropping system. Corteva has developed and tested proprietary varieties of winter canola for a double crop system in the southern U.S. to create a new feedstock option for the renewable fuels market, an additional revenue opportunity for farmers, while reducing the carbon intensity of oil production.
• Digital insights on how to get more yield and yield protection from Corteva seed and crop protection products.

"These highlights are representative of our robust pipeline and our ongoing commitment to provide farmers with the tools they need to increase productivity, profitability and sustainability on their operations – which in turn results in healthy, nutritious and affordable food for the rest of us," said Eathington. "We look forward to advancing these innovations to ensure farmers have access to technology that benefits them and society."

Learn more about Corteva's industry-leading R&D pipeline advancements from yesterday's webcast, which can be accessed from our Events and Presentations page of the Corteva Investor Relations website.

About Corteva

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the Company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

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^{™ ® ℠} Trademarks and service marks of Corteva Agriscience and its affiliated companies.

Cautionary Statement About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates" or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva's capital allocation strategy, performance outlook, and strategy are forward-looking statements. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement or other estimate, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the "Risk Factors" section of Corteva's Annual Report on Form 10-K, as modified by subsequent reports on Form 10-Q and Current Reports on Form 8-K.

Corteva has already won six Green Chemistry Challenge Awards from the U.S. Environmental Protection Agency, more than any other agricultural input company combined.

 

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SOURCE Corteva, Inc.

FAQ

What innovations did Corteva showcase on Sept. 14, 2022?

Corteva highlighted advancements in its R&D pipeline, including reduced stature corn, advanced breeding techniques, and new crop protection products like Inatreq™.

How is Corteva addressing food security and climate change?

Corteva's strategy focuses on sustainable innovations that enhance farmer productivity while addressing challenges related to food security and climate change.

What are the key benefits of Corteva's new crop protection products?

Corteva's new crop protection products are designed to effectively control diseases while providing sustainability benefits, enhancing overall agricultural productivity.