Agribusiness

DowDupont split off its agriculture business; here’s what to know about Corteva Agriscience

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A new spinoff from DowDupont could mean fewer
seed and pesticide options for farmers, who are already facing mounting
challenges that include low commodity prices, poor weather conditions and a
growing trade war. On June 1, DowDuPont separated its
agricultural chemical and seed business into a standalone company called
Corteva Agriscience. Dow Chemical and Dupont Nemours, Inc. merged in 2017, and made $86 billion in sales last year. Its agriculture division provided pesticides and seeds to farmers, but the company also made paints, silicone and other chemicals in its material science and specialty products divisions. Before the merger, Dow offered more pesticide products to farmers, while Dupont sold more variety of seeds.

Agribusiness

As foreign investment in U.S. farmland grows, efforts to ban and limit the increase mount

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Foreign investors acquired at least 1.6 million acres of U.S. agricultural land in 2016, the largest increase in more than a decade, according to the latest available federal data.

The latest data from the U.S. Department of Agriculture shows that foreign investors control 28.3 million acres, valued at $52.2 billion. That area is about the size of the state of Ohio.

Controversial pesticide use sees dramatic increase across the Midwest

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Farmers have been using the weed killer glyphosate – a key ingredient of the product Roundup – at soaring levels even as glyphosate has become increasingly less effective and as health concerns and lawsuits mount.