Corteva completes seed business spin-off as Tereos invests in sugarcane

Corteva, Inc. has announced the successful completion of its spin-off of the seed and advanced genetics business. The company will now operate exclusively as a global leader in the crop protection sector. CEO Luke Kissam stated that the move aims to increase focus and agility, with a pipeline of crop protection products valued at $11 billion. Between 2020 and 2025, the company's crop protection revenue grew by more than $1 billion.

Separately, Tereos is investing R$ 568 million to renew its sugarcane fields as part of a larger R$ 839 million investment package for the 2025/2026 harvest. This capital is intended to maintain productivity and ensure long-term agricultural longevity. The remaining R$ 271 million of the total package is allocated toward industrial and agricultural maintenance.