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1993 - Pioneer paid $38 million to Monsanto for rights to Bt corn that is resistant to European corn borers. 1995 - Pioneer stock is listed on the NYSE as PHYB. 1996 - Pioneer acquires 20% stake in Sunseeds Co. (a hybrid vegetable seed producer) in exchange for Pioneer's vegetable seed operation.
The DowDuPont agricultural businesses that became Corteva had revenue of over $14 billion in 2017, [9] which would have placed the company in the Fortune 500 for that year. A major part of the company is Pioneer Hi-Bred International, which DuPont purchased in 1999.
Faisal Hersi, an Edward Jones analyst, says Corteva expects to generate $24 billion in revenue from new seed and crop protection innovation through 2035, with $15 billion coming from seeds.
As a result, DeKalb was the leader in U.S. hybrid seed corn sales from the mid-1930s until the mid-1970s (Crabb 1948. Roberts 1999). [2] In 1982 DeKalb formed a joint venture with Pfizer, called DeKalb-Pfizer Genetics, and in 1985 the name was changed to DeKalb Corporation. The seed business was spun off as DeKalb Genetics Corporation in 1988. [4]
Pioneer Hi-Bred International, Inc. (Pioneer) owns patents that cover the manufacture, use, and sale of various hybrid corn seed products (plants and seeds). Pioneer sells its patented hybrid seeds under a limited label license that provides: "License is granted solely to produce grain and/or forage."
In 1993, ICI sold off its North American assets, and Garst seed business became part of a new company called Zeneca. [1] In 1996, Garst became part of Advanta Group, formed through the merger of Zeneca Seeds and VanderHave. [1] Zeneca became part of AstraZeneca and VanderHave was controlled by a Dutch farmer-owned co-operative called Cosun U.A. [2]