Topic: How To Invest

Power Growth Investor Hotline – Friday, January 3, 2025

Article Excerpt

CORTEVA INC., $55.94, is a buy. The company (symbol CTVA on New York) is a leading developer of new seeds and crop chemicals, including herbicides and insecticides, for the agriculture industry. Corteva separated from DowDuPont in June 2019. The company has announced what it believes is a breakthrough in one of the world’s most important staple crops—wheat—with a proprietary non-GMO hybrid technology. While other crops like corn have benefited from hybrid technology over the years, challenges with wheat have presented barriers to consistently and cost-effectively using that technology. Corteva thinks its breakthrough hybrid wheat technology could: increase yield potential by 10%, while using the same amount of land and resources, providing significant promise for both farmers and global food security; and be more resistant to drought—research trials show Corteva’s hybrid wheat can yield roughly 20% higher than current elite varieties in water-stressed environments. Hybrid seeds are created by crossing two genetically different parents—to ultimately produce more resilient, higher yielding plants for farmers. Unlike…