Gov. Sarah Sanders announced Friday (Sept. 19) the signing of two Letters of Intent (LOIs) with Taiwan’s leading agricultural associations, signaling a combined commitment of at least $5.56 billion in purchases of Arkansas and U.S. agricultural products between 2026 and 2029.
The Taiwan Feed Industry Association intends to purchase 7.5 million metric tons of corn and 1 million metric tons of corn products, valued at approximately $2.12 billion.
Additionally, the Taiwan Vegetable Oil Manufacturers Association has committed to purchasing at least 6.5 metric tons of soybeans, with an estimated value of at least $3.44 billion. Final terms, prices, and conditions will be negotiated directly between the individual importers and U.S. suppliers…