Collaboration leverages strength of the U.S.
private sector and USAID to advance Ukrainian agricultural
production and exports
INDIANAPOLIS, June 5, 2023
/PRNewswire/ -- Today, Corteva, Inc. (NYSE: CTVA) and the U.S.
Agency for International Development (USAID) announced a new
collaboration to support Ukrainian farmers. Through this
collaboration, USAID and Corteva Agriscience will advance the
shared goals of increasing farmer access to crop inputs, financing,
and post-harvest storage.
"Ukrainian farmers are entering this planting season facing
immense challenges," said Igor
Teslenko, Corteva Agriscience Europe, Middle East & Africa President. "We are
honored to support their efforts with hybrid seeds and crop
protection products that leverage one of the world's most evolved
germplasm and sustainably advantaged chemistries. Our innovative
solutions will enable these farmers to meet their yield and
productivity goals while supporting the pressing food security
needs of their country and the global agricultural market."
Corteva Agriscience, which previously announced its decision to
withdraw from Russia, is
increasing its production of hybrid corn and sunflower seeds in the
region by 30 percent over the next five years to ensure a stable
supply of seeds for Ukrainian farmers to plant in 2023 and beyond.
Corteva is also increasing Ukrainian farmer access to the latest
crop protection technologies, agronomic support, and financing
tools – all key components required to plant a high-yielding,
profitable crop.
USAID is committed to advancing market solutions in Ukraine in alignment with Ukraine's Ministry of Agrarian Policy and Food
priorities through improving the enabling environment, increasing
farmer productivity, and ensuring that farmers can fairly compete
in the market. USAID is advancing the $100
million Agriculture Resilience Initiative (AGRI) -
Ukraine to bolster Ukrainian agriculture exports and to help
alleviate the global food security crisis exacerbated by the war in
Ukraine.
Through this collaboration, Corteva and USAID will advance
shared goals by addressing key priorities for farmers such as
expanding farmer access to financial solutions, including
promissory notes availed by authorized banks and harvest receipts,
and delivering grain storage solutions to farmers. Through
leveraging the strength of the private and public sector, this
collaboration will empower Ukrainian farmers to continue to produce
harvests which are critical for regional and global food
security.
About Corteva
Corteva, Inc. (NYSE: CTVA) is a publicly traded, global
pure-play agriculture company that combines industry-leading
innovation, high-touch customer engagement and operational
execution to profitably deliver solutions for the world's most
pressing agriculture challenges. Corteva generates advantaged
market preference through its unique distribution strategy,
together with its balanced and globally diverse mix of seed, crop
protection, and digital products and services. With some of the
most recognized brands in agriculture and a technology pipeline
well positioned to drive growth, the company is committed to
maximizing productivity for farmers, while working with
stakeholders throughout the food system as it fulfills its promise
to enrich the lives of those who produce and those who consume,
ensuring progress for generations to come. More information can be
found at www.corteva.com.
Follow Corteva
on Facebook, Instagram, LinkedIn, Twitter and YouTube.
™ ® Trademarks of Corteva Agriscience and its
affiliated companies.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/corteva-agriscience-and-usaid-announce-collaboration-to-support-ukrainian-farmers-301841876.html
SOURCE Corteva, Inc.