Corteva Agriscience sees investment in agriculture in jeopardy from market chaos, company CEO Chuck Magro told attendees March 14 at the World Agri-Tech Innovation Summit in San Francisco. “The macro economic volatility we are currently experiencing – along with the banking situation we just saw – has potential to stifle innovation in agriculture,” said Magro. “We can’t allow that to happen.”
He said Corteva plans to increase investment in R&D and innovation by about 30% by 2025, up from roughly $1.2 billion today.