Vylor, Inc.

What is Vylor?
Vylor is the seed and genetics company spun off from Corteva on October 1, 2026. It took Corteva's entire seed operating segment, including the Pioneer brand and the Johnston, Iowa headquarters.

Is Vylor publicly traded?
Yes. Vylor shares were distributed to Corteva shareholders of record on September 24, 2026, one share per Corteva share, and began trading as an independent public company on October 1, 2026.

Who owns Pioneer seeds now?
Vylor, Inc. owns Pioneer and the rest of the former Corteva seed portfolio following the October 2026 separation. Pioneer has been based in Johnston, Iowa since 1926.

How big is Vylor?
The seed segment Vylor inherited represented approximately $9 billion in annual sales on a pro forma basis, roughly half of pre-split Corteva's 2025 revenue, with about 11,000 employees.

Why did Corteva create Vylor?
Management argued seeds and crop protection would each perform better as focused companies. A multi-state lawsuit separately alleges the move distances assets from PFAS liabilities; the company denies that rationale.

Vylor's timeline is essentially the history of the Pioneer seed enterprise. Henry A. Wallace, later Vice President of the United States, founded Hi-Bred Corn Company in Johnston in 1926 to commercialize hybrid corn seed, the breakthrough that transformed American agricultural productivity. Renamed Pioneer Hi-Bred International in 1970, the company became the largest seed business in the world.

DuPont acquired Pioneer for $7.7 billion in 1999. When Dow and DuPont merged and split, the seed business went to Corteva Agriscience in 2019, where it operated alongside crop protection until the board approved separation in 2026.

The Corteva board declared the spin-off on September 12, 2026. Shareholders of record on September 24 received one Vylor share for each Corteva share held, and the distribution completed October 1, 2026. Vylor began trading as an independent public company with its own management team and an investor day framework targeting 3% to 4% revenue CAGR and 7% to 8% EBITDA CAGR.

Nineteen states, Puerto Rico, and the District of Columbia alleged in a September 2026 federal motion that the Corteva separation moved $39 billion in assets to Vylor to distance them from PFAS-related liabilities associated with legacy DuPont. Corteva rejected the claim and said the separation proceeded on its merits; Vylor has said it will defend the transaction structure. The dispute was unresolved as of November 2026.