Rubber has become essential in everyday life, but the poor degradation rates of natural rubber products present an environmental challenge. This study focused on the development and characterization of oxo-biodegradable rubber by modifying vulcanized natural rubber (VNR) with pro-degradant additives (PDA) such as iron (III) stearate (VNR-FeSt) and cobalt (II) stearate (VNR-CoSt). No observable degradation of the PDA-incorporated latex films occurred during the preparation processes of the film which include rubber latex coagulant dipping and vulcanization. The addition of PDA also had minimal effects on the mechanical properties of the latex films. While latex VNR without PDA was relatively stable to oxidative degradation at 65 °C for eight weeks, the formation of carbonyl and hydroxyl functional groups in VNR-CoSt and VNR-FeSt indicate that the PDAs facilitated oxidative degradation the rubber. VNR-CoSt and VNR-FeSt showed significantly greater decreases in weight and gel content than neat VNR, with CoSt being most effective for enhancing thermal oxidative degradation. Growth parameter analysis showed that the addition of oxo-biodegradable latex films to the soil had little effect on the nutrient content of spinach, in line with the soil analysis. These data support the promotion of oxo-biodegradable rubbers as a promising sustainable alternative to conventional rubbers, with the potential to aid in rubber waste management in the agriculture sector.