International forage and turf seed firm DLF is stretching its reach in the alfalfa market with a deal for Corteva Agriscience’s assets in that business. The Danish firm announced Wednesday it had acquired Corteva’s global alfalfa germplasm and breeding program for an undisclosed sum, including its current commercial alfalfa varieties and their trademarks such as […] Read more
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DLF buys Corteva’s alfalfa seed business
Business to be 'fully transitioned' after 2024 season
DLF sowing the seeds of increased alfalfa breeding with Corteva aquisition
DLF has acquired Corteva Agriscience’s alfalfa breeding program, effective Sept. 1. “We have consistently aimed to establish a strong presence in alfalfa across all our global markets, including North America,” said Soren Halbye, group CEO of DLF, in a release. “Acquiring a renowned alfalfa research program presents a rare opportunity for DLF to significantly enhance […] Read more
Corteva cuts sales forecast on weak demand for crop protection products
Net seed sales rose eight per cent from a year ago, aided by strong prices and increased corn acres
Reuters – Agricultural chemical and seed company Corteva CTVA.N cut its annual sales expectations as demand for its crop protection products showed signs of contraction. Rise in carrying cost of stock for distributors driven by higher interest rates and improved product availability have taken a toll on demand for crop protection products such as herbicide […] Read more
Corteva cuts U.S. jobs while exiting Russia
California plant produces seed for sunflower growers
Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe […] Read more
Corteva to buy biological plant stimulant firm Stoller
Corteva paying US$1.2 billion cash
One of the majors in seed and crop protection is set to further expand its reach in the crop biologicals sector with a deal to buy the Stoller Group. Corteva Agriscience said Wednesday it had signed a “definitive agreement” to buy Houston-based Stoller in an all-cash acquisition worth US$1.2 billion (C$1.61 billion), which it expects […] Read more
2023 corn and soybean varieties continue to offer diversity for growers
New trait packages allow for better weed management
Every year, Ontario seed companies continue to focus on improving their seed lineups to increase yields and offer more management options for growers. Farmtario reached out to seed companies in the province and asked them to provide an overview of what is new for the 2023 growing season. Corteva Corteva will be launching a wide […] Read more
Corteva third-quarter loss narrows on demand for agricultural products
Reuters – Agricultural chemical and seed company Corteva Inc CTVA.N on Thursday posted a smaller-than-expected third-quarter adjusted loss as farmers looked to maximize yields at a time of low global grain supplies. Operating loss was 12 cents per share in the July-September quarter, from 14 cents per share a year earlier. Analysts on average had expected […] Read more
The launch of a new series in soybeans
Corteva now offers its A-Series Enlist E3 soybean varieties to Ontario growers
The 2022 edition of Canada’s Outdoor Farm Show marked a return to normal for many in the agri-food industry, in part because it was the first such showcase in three years. But it was also an opportunity for many seed companies to give customers a glimpse of their latest offerings. At the Pioneer building, farmers […] Read more
U.S. trade commission sues pesticide makers, alleging price scheme
Washington | Reuters — The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high. The consumer watchdog agency was motivated to bring the case in part because rising costs and supply chain disruptions from Russia’s invasion of […] Read more
Corteva to exit some markets, cut jobs in cost-saving push
Canada remains among company's 'core' markets
Reuters — Seeds and pesticides company Corteva on Tuesday announced plans to exit about 35 countries and lay off roughly five per cent of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned spending and roll out measures […] Read more
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