Following the separation of its seed business, the company will focus on crop protection and plans to introduce 12 new assets over the next decade.
Corteva Agriscience has valued its crop-protection innovation pipeline at $11 billion. After separating its seed operation into the independent company Vylor, the group plans to concentrate resources on chemical and biological crop-protection products.
Corteva expects to launch 12 new assets over the next 10 years: seven chemical and five biological. The projects include a fungicide with a new mode of action against Asian soybean rust and other late-cycle diseases. Chief commercial officer Brook Cunningham said it would be the first new mode of action the company has brought to Brazil in more than 14 years.
Developing a single crop-protection molecule can require about $300 million and roughly 13 years of research and regulatory work. Corteva therefore intends to combine internal research with investments in early-stage companies, partnerships with larger businesses and acquisitions, particularly in biological products.
Brazil is one of the strategic markets for the new structure. Tropical agriculture faces intense pressure from pests, diseases and weeds, while also enabling two or three harvests in some regions. The company aims to grow faster than the Brazilian market by introducing adapted technology and expanding services for producers.