Rachel Leon's questions to Corteva Inc (CTVA) leadership • Q4 2024
Question
Rachel Leon, on behalf of Patrick Cunningham, asked if the "just-in-time" purchasing behavior seen in recent quarters is the new norm and if Corteva plans to adjust its strategy accordingly.
Answer
EVP Robert King (Crop Protection) confirmed that this behavior is considered the new norm, driven by high interest rates that make holding inventory costly for the channel and farmers. He stated that Corteva is prepared for this behavior to continue as long as the current economic conditions and high product availability persist.