The DowDuPont agriculture division reports second quarter operating earnings of $1.7 billion, up from $1.2 billion one year ago. Seed sales approached $4 billion, an increase of 35 percent. Crop protection sales rose seven percent to $1.9 billion. Corteva Agriscience Chief Operating Officer Jim Collins, Jr. cited gains with new corn hybrids and A-series soybeans. “We delivered nearly 20 percent growth in insecticides with better supplies due to work on the bottle-necking and productivity and new product launches.” DowDuPont will eventually separate into three different companies. The agriculture division, known as Corteva, is expected to be spun off in June of next year. The new leadership team for Corteva Agriscience will be announced next month.
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