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.