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1935 - "Pioneer" was added to the name of the company to distinguish it from other hybrid corn companies. The full name is "Pioneer Hi-Bred Corn Company". 1936 Pioneer founds Hy-Line Poultry Farms (later Hy-Line International) to produce hybrid egg-laying chickens. Henry B. Wallace (son of Henry A. Wallace) serves as president of Hy-Line until ...
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.
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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.
In 1923, he reached the first-ever contract for hybrid seed production, agreeing to grant the Iowa Seed Company the sole right to grow and sell Copper Cross corn. [18] In 1926, he co-founded the Hi-Bred Corn Company to develop and produce hybrid corn. It initially turned only a small profit, but eventually became a massive financial success. [19]
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]
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