Announced October 1, 2025, Corteva will split its seed and pesticide businesses into two publicly listed companies, finishing in H2 2026. The carve-out is pitched as a clean way to sharpen strategy and capital allocation. It could also redraw the deal map for ag-biotech and biologicals start-ups—shifting who writes the cheques, who licenses what, and on what timelines.
What’s happening—and why it matters now
Corteva’s board approved a tax-free spin: “SpinCo” will house the Seed business (Pioneer among other brands); “New Corteva” will contain Crop Protection. Management assignments are already telegraphed—CEO Chuck Magro to lead the seed company;
