Corteva Bunge Chevron Winter Canola Program in the Mid South Achieves Successful Harvest

JOHNSTON, Iowa - As Mid-South farmers completed their first winter canola harvest this summer, Corteva, along with partner Bunge Chevron Ag Renewables LLC, is pleased to share initial results from the pilot program: Pioneer^® brand winter canola hybrids exceeded initial expectations with an average yield of 54 bu/A across 13 farms in western Kentucky and western Tennessee.¹ Based on university trials, yield results of 45 to 55 bu/A is a common target for the crop.

"We couldn't have asked for better results for our first harvest of winter canola," said Chad Berghoefer, Corteva Agriscience Global Product Director, Biofuels. "We are very pleased with these yield results - as well as the excellent grain quality - and look forward to more farmers participating in the program next year."

Pioneer's long-standing canola breeding program has developed proprietary winter canola hybrids well adapted to perform in the southern U.S. and serve as a new alternative for winter crop rotations. With elite genetics powered by Pioneer^®, farmers can expect high yield potential and consistent oil content across a wide range of growing conditions to increase their winter crop field profitability.

For the 2023-2024 season, 5,000 acres were contracted across western Kentucky and western Tennessee. After a successful harvest, the program significantly expanded, achieving more than 35,000 acres contracted for the next crop year and is expanding into southern Illinois, southern Indiana, northern Alabama, northern Mississippi, eastern Arkansas and eastern Missouri.

"We are excited about this program and hope to build on these promising results to meet consumers' growing demand for renewable fuels, creating a more environmentally sustainable future - while driving additional revenue sources for farmers," said Luis Copeland, Bunge's Senior Director for Low Carbon Intensity Seeds. "We will add more delivery locations to provide farmers with more convenient options to transport their winter canola."

The harvested winter canola is processed at a Bunge facility for the production of oil, which can be used as feedstock to the growing renewable fuels industry.

"We are proud of our unique partnership with Bunge and Corteva which allows us to cover the full value chain of the winter canola crop, from production to fuel," said Stacey Orlandi, President of Chevron Renewable Energy Group. "Innovation and investment in the feedstock space is going to continue to be an important aspect for the future of the renewable fuels industry and collaborations like this one are helping to support growth of lower carbon intensity fuels for the market."

To learn more about the winter canola program and how to contract acres, visit Pioneer.com/WinterCanola.

Multimedia assets can be downloaded here.

About Corteva Agriscience
Corteva, Inc. (NYSE: CTVA) is a 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.

Cautionary Statement on Forward-Looking Statements
This release contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," or other words of similar meaning. All statements that address expectations or projections about the future, including statements about each of the company's expectations related to regulatory approvals, product development, product offerings and product, financial or sustainability performance are forward-looking statements. The company disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the "Risk Factors" section of each company's Annual Report on Form 10-K , and as modified by subsequent reports on Form 10-Q and Current Reports on Form 8-K.

# # #

¹Total farm weighted average.

Pioneer^® brand products are provided subject to the terms and conditions of purchase which are part of the labeling and purchase documents.

™^®Trademarks of Corteva Agriscience and its affiliated companies. Always read and follow label directions. ©2024 Corteva. Chevron and Renewable Energy Group are trademarks of Chevron, U.S.A. Inc.

Media Contact:
Derek Burleson
(479)-651-0275
[email protected]