Pesticide registration and biotech regulatory approvals
Regulatory Exposure
Lengthy, costly and unpredictable approvals processes affect development, manufacture, distribution, import and renewal of seed and crop protection products; lawsuits seeking to invalidate pesticide registrations including Enlist One.
Relevance 90·Dependency 85·Confidence 95
Source evidence
“Seed products incorporating biotechnology derived traits and crop protection products must be extensively tested for safety, efficacy and environmental impact before they can be registered for production, use, sale or commercialization in a given market.”
United States
Revenue Exposure
United States is the largest geography with $8,269M net sales in 2025 and $2,879M of net property.
Relevance 90·Dependency 70·Confidence 95
Source evidence
“United States$8,269 $7,866 $7,783”
US Dollar
Currency Exposure
Company reports in USD and uses USD or related foreign currency as functional currency; actively manages currency exposures associated with net monetary asset positions and committed purchases.
Relevance 90·Dependency 70·Confidence 90
Source evidence
“The company's worldwide operations utilize the USD or a related foreign currency as the functional currency, where applicable.”
Brazil is the largest foreign sales market and a key currency exposure; Brazil net sales were $2,900M in 2025 within Latin America's $3,928M.
Relevance 85·Dependency 75·Confidence 95
Source evidence
“Net sales for Brazil for the years ended December 31, 2025, 2024 and 2023 were $2,900 million, $2,618 million and $2,523 million, respectively.”
Climate change and extreme weather
Demand Driver
Seasonal and weather factors affect pest/disease presence, demand and mix for crop protection products, and seed quality, volume and cost; climate change may increase extreme weather frequency/intensity.
Relevance 80·Dependency 70·Confidence 92
Source evidence
“Climate change may increase the frequency or intensity of extreme weather such as storms, floods, heat waves, droughts and other events”
Multi-channel, multi-brand seed distribution
Customer Exposure
Seed segment reaches customers through Pioneer agency model, regional seed brands, retail storefronts (including distributors, agricultural cooperatives, and dealers), and third-party licensing/distribution.
Relevance 80·Dependency 70·Confidence 92
Source evidence
“The Seed segment has a diverse worldwide network which markets and distributes the company’s brands to customers, primarily through the company’s multi-channel, multi-brand strategy”
Third-party contract seed growers
Supplier Dependency
Third-party growers globally produce seed raw materials; company balances owned production facilities with third-party contract production to maintain flexibility while minimizing costs.
Relevance 75·Dependency 70·Confidence 92
Source evidence
“To produce high-quality seeds, the company contracts with third-party growers globally.”
Generic competition and patent expirations
Competitive Exposure
Products coming off patent are available to generic manufacturers; at-risk launches can cause loss of a major portion of product revenues; web-based purchase models create price pressures.
Relevance 75·Dependency 65·Confidence 90
Source evidence
“certain products are coming off patent and are thus available to generic manufacturers for production and commercialization.”
Technical grade active ingredients
Supplier Dependency
Key Crop Protection raw material sourced globally through long-term contracts and contract manufacturers.
Relevance 70·Dependency 65·Confidence 90
Source evidence
“The company relies on contract manufacturers, both domestically and internationally, to produce certain inputs or key components for its product formulations.”
Chlorinated pyridines derivatives
Supplier Dependency
A key raw material for Crop Protection, purchased via long-term contracts with multiple suppliers, sometimes with minimum purchase commitments; certain important raw materials supplied by a few major suppliers.
Relevance 70·Dependency 65·Confidence 90
Source evidence
“The key raw materials and supplies for the Crop Protection segment include chlorinated pyridines derivatives, specialty intermediates and technical grade active ingredients, chlorine, and seed treatments.”
Government agricultural subsidies and policies
Demand Driver
Grower income available to purchase agricultural products is affected by government subsidies and programs such as the U.S. Farm Bill, which can be modified or discontinued.
Relevance 70·Dependency 55·Confidence 90
Source evidence
“Corteva expects that the policies of governments and international organizations will continue to affect the planting choices made by growers as well as the income available to growers to purchase products used in agriculture”
PFAS and environmental regulations
Regulatory Exposure
PFAS and other environmental laws expose Corteva to substantial costs and liabilities, including legacy EIDP liabilities.
Relevance 70·Dependency 55·Confidence 92
Source evidence
“including those with respect to PFAS and other substances, expose Corteva to the risk of substantial costs and liabilities”
Trade and tariff policy changes
Cost Driver
Ability to export products and sales outside the US has been and may continue to be adversely affected by changes in trade, tax or other policies, including retaliatory trade restrictions and increased tariffs; may raise cost of manufacturing inputs and alter customer demands.
Relevance 65·Dependency 50·Confidence 90
Source evidence
“significant changes in trade, tax, and other related policies or enforcement may pose business and financial risks, including raising the cost of manufacturing inputs and altering customer demands.”
December 2025 Food Supply Chain executive order
Regulatory Exposure
DOJ/FTC task forces investigating anti-competitive conduct across food supply sectors including seeds may increase regulatory costs and restrict growth opportunities including M&A.
Relevance 65·Dependency 50·Confidence 90
Source evidence
“actions taken by such authorities may increase the regulation and regulatory costs associated with the agriculture industry in the future and restrict the company from pursuing certain growth opportunities, including mergers and acquisitions.”
Artificial intelligence and new technology-based distribution channels
Demand Driver
Speed in responding to new technologies, including AI and new technology-based distribution channels, that accelerate product development timelines and customer engagement is a significant competitive advantage; also an evolving cybersecurity threat area.
Relevance 60·Dependency 40·Confidence 85
Source evidence
“Speed in discovering, developing, protecting and responding to new technologies, including artificial intelligence and new technology-based distribution channels”
Canada is one of the principal foreign sales markets ($755M in 2025) and the Canadian dollar is a largest currency exposure.
Relevance 55·Dependency 40·Confidence 90
Source evidence
“Corteva’s sales outside the United States in 2025 were principally to customers in Brazil, Eurozone countries, and Canada. Further, Corteva’s largest currency exposures are the Brazilian real, Euro, Canadian dollar and Argentine peso.”