Corteva Agriscience And USAID Announce Collaboration to Support Ukrainian Farmers

Jun 05, 2023
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Collaboration leverages strength of the U.S. private sector and USAID to advance Ukrainian agricultural production and exports

INDIANAPOLIS, June 5, 2023 /PRNewswire/ -- Today, Corteva, Inc. (NYSE: CTVA) and the U.S. Agency for International Development (USAID) announced a new collaboration to support Ukrainian farmers. Through this collaboration, USAID and Corteva Agriscience will advance the shared goals of increasing farmer access to crop inputs, financing, and post-harvest storage.

"Ukrainian farmers are entering this planting season facing immense challenges," said Igor Teslenko, Corteva Agriscience Europe, Middle East & Africa President. "We are honored to support their efforts with hybrid seeds and crop protection products that leverage one of the world's most evolved germplasm and sustainably advantaged chemistries. Our innovative solutions will enable these farmers to meet their yield and productivity goals while supporting the pressing food security needs of their country and the global agricultural market."

Corteva Agriscience, which previously announced its decision to withdraw from Russia, is increasing its production of hybrid corn and sunflower seeds in the region by 30 percent over the next five years to ensure a stable supply of seeds for Ukrainian farmers to plant in 2023 and beyond. Corteva is also increasing Ukrainian farmer access to the latest crop protection technologies, agronomic support, and financing tools – all key components required to plant a high-yielding, profitable crop.  

USAID is committed to advancing market solutions in Ukraine in alignment with Ukraine's Ministry of Agrarian Policy and Food priorities through improving the enabling environment, increasing farmer productivity, and ensuring that farmers can fairly compete in the market. USAID is advancing the $100 million Agriculture Resilience Initiative (AGRI) - Ukraine to bolster Ukrainian agriculture exports and to help alleviate the global food security crisis exacerbated by the war in Ukraine. 

Through this collaboration, Corteva and USAID will advance shared goals by addressing key priorities for farmers such as expanding farmer access to financial solutions, including promissory notes availed by authorized banks and harvest receipts, and delivering grain storage solutions to farmers. Through leveraging the strength of the private and public sector, this collaboration will empower Ukrainian farmers to continue to produce harvests which are critical for regional and global food security.

About Corteva 

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while 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. More information can be found at www.corteva.com. 

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™ ® Trademarks of Corteva Agriscience and its affiliated companies.

 

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SOURCE Corteva, Inc.

Dave Sousa, +1-317-418-4672, david.sousa@corteva.com; Investor Contact: Kim Booth, +1-302-485-3190, kimberly.a.booth@corteva.com

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The information provided herein contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates goals” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva’s strategy for growth, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, outcome of contingencies, such as litigation and environmental matters, expenditures, and financial results, as well as expected benefits from, the separation of Corteva from DowDuPont, are forward-looking statements. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement environmental, sustainability, and governance goals or targets or other estimate, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the “Risk Factors” section of Corteva’s Annual Report on Form 10-K, as modified by subsequent reports on Form 10-Q and Current Reports on Form 8-K