Pioneer Hi-Bred International, Inc. is a U.S.-based producer of seeds for agriculture. They are a major producer of genetically modified organisms (GMOs), including genetically modified crops with insect and herbicide resistance. As of 2019, Pioneer is a wholly owned subsidiary of Corteva Agriscience. History In 1926, farm journal editor and future U.S. Vice President Henry A. Wallace, along with a group of Des Moines, Iowa businessmen, founded the Hi-Bred Corn Company. The group included Henry's brother James W. Wallace, Fred Lehmann, J. J. Newlin, Simon Casady Jr. and George Kurtzweil. Wallace had been experimenting with hybridization of corn and became convinced that hybrid seed corn would become important. Timeline 1924 Henry Wallace begins selling 'Copper Cross', an early commercial hybrid seed corn. 1926 Hi-Bred Corn Company is founded in Des Moines, Iowa, with $7,000 in capital. 1931 Roswell Garst agrees to produce/distribute seed. The following year Garst partners with Charles Thomas to form the Garst and Thomas Seed Corn Company. 1935 "Pioneer" was added to the name of the company to distinguish it from other hybrid corn companies. The full name is "Pioneer Hi-Bred Corn Company". 1936 Pioneer founds Hy-Line Poultry Farms (later Hy-Line International) to produce hybrid egg-laying chickens. Henry B. Wallace (son of Henry A. Wallace) serves as president of Hy-Line until 1975. 1949 Pioneer reaches annual sales of one million units. 1964 a research station is established in Jamaica. 1970 The company name is changed to Pioneer Hi-Bred International, Inc. 1973 Becomes a publicly traded company. 1973 Pioneer obtains a soybean product line through the purchase of Peterson Seed Company. 1975 Purchases Lankhartt and Lockett companies (cotton seed business). 1977 Pioneer acquires Microbial Products division to develop bacterial strains for inoculation into silage. 1978 Hy-Line International is spun off. 1981 Pioneer becomes the market-share leader in North America corn sales. 1982 Annual sales pass the US$10 million mark. 1983 The name of the soybean product line was changed from Peterson to Pioneer. 1991 Pioneer purchases 2 million shares and establishes a partnership with Mycogen Seeds to develop Bt insect resistance in corn, sorghum, soybean, canola, sunflower, and other seeds. Pioneer sold the shares in 1998. Pioneer becomes the number one brand of soybeans in North America. 1992 Pioneer paid $450,000 to Monsanto for rights to genetically modified soybean seeds that are resistant to RoundUp herbicide. 1993 Pioneer paid $38 million to Monsanto for rights to Bt corn