Business Strategy and Outlook
| Seth Goldstein, CFA |Corteva was formed in 2019 as the agriculture division of the DowDuPont merger and subsequent separation. The company is a global leader in the development of new seed and crop chemicals products. In 2021, seeds generated a little more than half of total company profits. Corteva develops its pipeline through the investment of around 8% of sales in research and development, which should allow sales and profits to continue to grow even as patents expire and generic products come to market.