Arkansas Governor Sarah Huckabee Sanders recently announced that two Taiwanese agricultural industry groups signed letters of intent to purchase Arkansas and U.S. products.
The Taiwan Feed Industry committed to purchasing 8.5 million metric tons of corn and corn products, while the Taiwan Vegetable Oil Manufacturers Association will purchase 6.5 metric tons of soybeans, Sanders said. “Today’s announcement is great news for Arkansas and especially our row crop farmers, who need all the assistance they can get right now.”
From 2025–2029, the Taiwanese groups will purchase agricultural products worth at least $5.56 billion from Arkansas and other American suppliers, the release said. Final prices will be negotiated by the importers themselves, making it unclear how much would actually be paid.
The announcement comes at a particularly precarious time for one of Arkansas’ largest industries, which is facing its worst period in years, as a result of depressed crop commodity prices compounded by less-than-ideal weather and tariffs implemented by the Trump administration.
EDITOR’S TAKE:
As the article states, this couldn’t come at a better time. No doubt, having the Governor involved in promoting a state’s agricultural industry and products is always a good gesture. Their participation in trade delegations and trade discussions often lead to much better outcomes as is the case with Arkansas. We often discuss the importance of exports in creating a more solid foundation for commodity prices in the U.S. This is a perfect example of just how it can and should work.
You know what else sells? When your owner or GM makes an ad for TV that shows the new AGwagon®! That fantastic truck that farmers and ranchers helped to create. It is loaded with the best technology and features available. Don’t have one on your lot yet? Give us a call and we’ll get you in touch with the people who can make that happen for you….
