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DowDuPont's Agriculture Division to Become Corteva Agriscience™

Corteva Agriscience

Board of Directors of DowDuPont has given its approval for the previously announced separation of the company’s Agriculture Division, which will become Corteva Agriscience™ on June 1 2019.

The board, to effect the separation of the division, has declared a pro rata dividend of all of the outstanding shares of common stock of Corteva, Inc. The dividend is likely to be paid to the stockholders of DowDuPont on June 1 2019. Each stockholder of DowDuPont will receive one share of Corteva common stock for every three shares of common stock of DowDuPont they held on May 24 2019. The registered stockholders of DowDuPont will get cash in place of any fractional shares of Corteva, Inc. common stock.

NYSE has authorized the listing of Corteva’s common stock. The trading of Corteva’s stock will start on May 24 2019, under the symbol CTVA-WI (WI – when issued). Corteva’s common stock will start trading on NYSE in “regular way” under the symbol “CTVA”, on June 3 2019.

According to TechSci Research, with the separation of the Agriculture Division, Corteva Agriscience will emerge as a leading pure-play agriculture company with a balanced portfolio.

According to a report published by TechSci Research, Global Precision Agriculture Market By Technology (Guidance Systems, Remote Sensing and Variable Rate Technologies), By Component (Software & Hardware), By Application (Yield Monitoring, Field Mapping and Others), By Region, Competition, Forecast & Opportunities, 2024, global precision agriculture market is projected to grow at a CAGR of over 13% during the forecast period, owing to several government initiatives towards adopting modern agricultural processes. Rising population is resulting in huge demand for food supply, which can be achieved by the adoption of advanced farming technologies. Moreover, changing weather conditions and need to increase crop yield and enhance the productivity of farms are expected to aid precision agriculture market, globally, during the forecast period.

According to a report published by TechSci Research, Global Insecticide Seed Treatment Market, By Type (Synthetic Chemicals and Biological), By Crop Type (Cereals & Oilseeds, Fruits & Vegetables and Others), By Form (Liquid and Powder), By Application Method (Seed Dressing, Seed Coating and Seed Pelleting), By Company and By Geography, Forecast & Opportunities, 2023, global insecticide seed treatment market is projected to grow at a CAGR of over 10% during the forecast period, owing to increasing use of seed treatment for the production of superior quality GM crops. Moreover, growing requirement for maximizing the crop yield to address the increasing food demand from rising population coupled with increasing need for minimizing crop loss and wastage due to insect and other pest attacks would drive the market during the forecast period.

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