Corteva, , a global agricultural company, is commemorating its fifth anniversary as a public company by celebrating its mission to consistently deliver cutting-edge solutions to help farmers feed and fuel the world. Since its inception, Corteva has been at the forefront of agricultural innovation, introducing groundbreaking products that have revolutionized the industry and empowered farmers to increase their yields and grow more food.
One of Corteva's most notable achievements is the development of Enlist E3® soybeans, which have become the #1 soybean trait system in the United States. This innovative product has helped farmers protect their crops from weeds while maintaining the integrity of their land. Additionally, the company has introduced Vorceed® Enlist® corn, which provides enhanced protection against corn rootworm, a major threat to corn crops worldwide.
Recognizing the growing demand for biofuels, Corteva has also developed proprietary winter canola hybrids that not only contribute to the production of sustainable energy but also provide farmers with an additional revenue stream. This initiative demonstrates the company's commitment to addressing global environmental challenges while supporting the economic well-being of the agricultural community.
Corteva's dedication to innovation extends beyond crop protection. The company has introduced Reklemel™ active, a first-of-its-kind selective nematicide that safeguards crops while maintaining a healthy balance of beneficial organisms in the soil. This breakthrough product showcases Corteva's focus on developing sustainable solutions that promote soil health and biodiversity.
In the realm of disease control, Corteva has launched Adavelt™ active, a highly effective defense against more than 20 diseases in over 30 crops. This product has been a game-changer for farmers, helping them protect their crops and ensure bountiful harvests. Additionally, the company has introduced Utrisha™ N, a biostimulant that captures supplemental nitrogen from the air, reducing the need for synthetic fertilizers and promoting sustainable agriculture practices.
Corteva's commitment to innovation is evident in its substantial investment of nearly $4 million every day in research and development. The company employs approximately 22,500 people worldwide, with over 5,000 dedicated to finding and delivering next-generation innovation at more than 100 research sites and 2,000 testing locations. This global presence allows Corteva to serve roughly 10 million farmers and customers in 125 countries, making a significant impact on the global agricultural landscape.
Over the past five years, Corteva has achieved remarkable milestones, surpassing $78 billion in cumulative net sales and increasing its annual operating EBITDA by over $1.3 billion (63%). The company has also delivered a total shareholder return of approximately 140%, demonstrating its strong financial performance and value creation for investors. Moreover, Corteva has launched approximately 2,000 new products, established over 700 agreements globally to advance cutting-edge agriculture technology, and developed the world's only germplasm pool capable of producing corn with yields over 600 bu/ac.
As Corteva commemorates its fifth anniversary, the company remains committed to its mission of helping farmers safely and effectively address the growing pressures of changing weather, new pests and diseases, and the need to feed a rapidly growing population. Through its dedication to innovation, sustainability, and collaboration with farmers and customers, Corteva is poised to continue making significant contributions to the global agricultural industry for years to come.
