Corteva to separate seed, crop protection businesses in 2026

In order to focus more directly on farmers’ needs, Corteva plans to separate its seed and crop protection businesses into two independent companies by the second half of 2026.

The seed business, which includes the Pioneer brand, will become a new company called SpinCo, according to a news release. Chuck Magro, currently CEO of Corteva, will lead SpinCo.

The crop protection business will continue under the Corteva name, with Greg Page, current chairman of Corteva, serving as chairman.

The split is expected to allow each company to concentrate on improving products and services for growers, according to the release.

The seed business will focus on crop genetics and yield improvements, while the crop protection company will continue work on pest and disease management, herbicides and other solutions.

Corteva said the change follows years of investment in research and technology. The company believes the separation will help each business respond faster to farmer needs and changing market conditions.

“The seed and crop protection markets have evolved, and as a result, we see the opportunities ahead for both companies diverging — this is the right time to act to stay ahead of the market. This separation will allow both businesses to maximize long-term value creation by focusing on their own priorities,” Magro said in the release.

The transition is expected to be complete in the second half of 2026. Further details will be announced in the coming months.