Dow and DuPont announced this morning that the agriculture division of the company will become Corteva Agriscience once it is spun-off this summer.
According to a news release from the company, Corteva is derived from a combination of words meaning “heart” and “nature” and brings together DuPont Crop Protection, DuPont Pioneer and Dow AgroSciences to create a standalone agriculture company with leading positions in seed technologies, crop protection and digital agriculture.
Since the merger was announced, the American Soybean Association (ASA) studied the overall impacts on the agricultural industry and soybean farmers, and is looking forward to see what they’ll now accomplish for soy growers.
“As always, we welcome competition and innovation to the industry, while keeping the best interests of soybean growers at the forefront,” said ASA President John Heisdorffer, a farmer from Keota, Iowa. “ASA is excited to see what leading edge ideas and technology Corteva Agriscience will bring to the table for soybean farmers and looks forward continuing our partnership with them.”