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MarketScreener Homepage  >  Equities  >  Nyse  >  Corteva, Inc.    CTVA

CORTEVA, INC.

(CTVA)
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Corteva : First Corteva Agriscience Innovation Farms launched in Germany

11/13/2020 | 09:33am EST
Home / Media Center / First Corteva Agriscience Innovation Farms launched in Germany
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Press Release • 11/13/2020 First Corteva Agriscience Innovation Farms launched in Germany

Company initiates long-term cooperation project for more sustainable agriculture

Munich, Germany, 13 November 2020 - Corteva Agriscience has announced the launch of its first 'Innovation Farms' in Germany to find sustainable solutions to challenges facing many farms in the country and beyond.

Corteva will support two pilot farms, Uherek in Gröbitz, Saxony-Anhalt, and Redeker in Pattensen, Lower Saxony, in promoting soil health and biodiversity in the field, reducing emissions and preserving ecosystem services, while at the same time ensuring profitability and stabilizing yields.

The initiative comes as part of Corteva's 2030 sustainability strategy. The company's 14 goals, to be achieved over the next 10 years, are built around four key pillars: goals to benefit farmers; goals to benefit the land; goals to benefit communities and goals for the company's operations.

Rudolf Fuchs, Corteva Agriscience Country Leader in Germany, Austria and Switzerland, said: 'The innovation farms set up in Germany are the first in Europe and thus an important step towards putting the global strategy into practice here in the region.'

Melanie Hauer-Jákli, Field Agronomist at Corteva, and Andreas Schumacher, Country Sales Manager Crop Protection, both responsible for the Innovation Farms project added: 'The long-term project aims at harmonizing ecological, economic and social aspects in a holistic way. While the measures are tailored to the individual farms, they will also provide best practice examples for many other farms facing similar challenges.'

Corteva Innovation Farms serve as testing grounds for enterprise-wide solutions, testing a broad spectrum of innovative measures such as mixed cultures and night sowing to the use of digital tools including application maps and drones.

The Uherek farm in Saxony-Anhalt is a 300-hectare family farm which grows winter durum, winter wheat, winter oilseed rape, sugar beet, corn, soy, sunflower and barley. Explaining why he chose to participate in the project, farmer Florian Uherek said: 'The increasing drought in particular presents us with major challenges, but the social pressure on us farmers is also growing.'

On his farms in Lower Saxony Christian Redeker cultivates winter wheat, sugar beet, silage corn, winter oilseed rape and marker peas on 500 hectares. The farmer is trying to promote insect and species protection through measures such as sowing special flowering mixtures. One focus is to test sustainable, efficient methods of weed control, for example against foxtail.

Two livestock farms will be added to the existing Innovation Farm program next year.

About Corteva Agriscience
Corteva Agriscience is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry - including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019, and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.

Follow Corteva Agriscience on Facebook, Instagram, LinkedIn, Twitter and YouTube.

# # #

11/13/20

TM®SM Trademarks and service marks of Corteva Agriscience and its affiliated companies. © 2020 Corteva.

Media contact

József Máté, Head of Communications, Europe
Tel: +41 22 775 36 70, Mob: +41 79 597 2709
jozsef.mate@corteva.com

Disclaimer

Corteva Inc. published this content on 13 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 14:32:08 UTC


© Publicnow 2020
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Sales 2020 13 978 M - -
Net income 2020 585 M - -
Net cash 2020 1 733 M - -
P/E ratio 2020 50,2x
Yield 2020 1,20%
Capitalization 32 594 M 32 594 M -
EV / Sales 2020 2,21x
EV / Sales 2021 2,10x
Nbr of Employees 21 000
Free-Float 99,9%
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 40,67 $
Last Close Price 43,75 $
Spread / Highest target 14,3%
Spread / Average Target -7,05%
Spread / Lowest Target -45,1%
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Managers and Directors
NameTitle
James C. Collins Chief Executive Officer & Director
Gregory R. Page Non-Executive Chairman
Gregory R. Friedman Chief Financial Officer & Executive Vice President
Debra King Chief Information Officer & Senior Vice President
Sam Eathington Chief Technology Officer & Senior Vice President
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