Corteva to Split into Two Public Companies by 2026

INDIANAPOLIS, Oct. 1, 2025 /PRNewswire/ — Corteva, Inc. (NYSE: CTVA), a global leader in agriculture technology, announced plans to separate into two independent, publicly traded companies through a tax-free spin-off expected to complete in the second half of 2026.

The separation will create two distinct entities: New Corteva and SpinCo. New Corteva will focus on the Crop Protection business, projected to achieve net sales of $7.8 billion in 2025, which accounts for 44% of current Corteva sales. SpinCo will encompass the Seed business, including the Pioneer® brand, with an anticipated $9.9 billion in 2025 net sales, representing 56% of existing sales.

Chuck Magro, the current CEO of Corteva, will lead SpinCo, while Greg Page will serve as Chair of New Corteva. Board and management details for both companies are expected to be announced later.

“This separation will allow both businesses to maximize long-term value creation by focusing on their own priorities,” Magro stated. He emphasized that the seed and crop protection markets have evolved, leading to diverging opportunities.

The separation aims to enhance strategic focus and optimize capital allocation for both entities, allowing them to adapt to their specific market dynamics. Both companies will maintain investment-grade credit ratings and pursue distinct growth strategies, providing a framework for unlocking greater shareholder value over time.

The transaction will be executed as a tax-free spin-off for U.S. federal tax purposes, subject to final board approvals and regulatory requirements. Corteva may adjust or abandon the separation at any point before the completion.

Current market trends indicate that both businesses will benefit from enhanced operational models and targeted capital strategies, as each company seeks to address unique customer needs in the agricultural sector.