Corteva Agriscience™, Agriculture Division of DowDuPont, and Monsanto Company Reach Licensing Agreement on Next-Generation Corn Insect Control Technology

ST. LOUIS & WILMINGTON, Del.--(BUSINESS WIRE)--Corteva Agriscience™, Agriculture Division of DowDuPont (NYSE: DWDP), and Monsanto Company (NYSE: MON) announced today the completion of a licensing agreement for next-generation technology for insect control in corn for the U.S. and Canada that will expand options for farmers fighting corn rootworm, dubbed the “billion dollar bug” for the damage it causes. Corteva Agriscience™ will receive a license to stack Monsanto’s Corn Rootworm III and MON89034 traits with Corteva Agriscience’s insect control traits. This agreement enables the development of the next generation of insect control technology for above- and below-ground insect pests, and will be offered with the Enlist® herbicide tolerant trait for corn. Financial details of the agreement are not being disclosed.