TRADE AGREEMENT WITH TAIWAN COULD ALSO HELP NEBRASKA FARMERS

LINCOLN — Another trade agreement announced Wednesday was trumpeted by Gov. Pete Ricketts as positioning Nebraska to grow its exports to Taiwan.

Taiwan signed letters of intent to buy more than $2.1 billion in U.S. soybeans, corn and distillers grains.

The country last year purchased about $70 million in corn from Nebraska, which was about 5% of the total corn exports from the state. Taiwan was Nebraska’s fifth-largest export market for corn in 2018.

Representatives of the Nebraska corn and soybeans boards signed letters of intent with Taiwanese firms Tuesday evening, according to a press release from the Governor’s Office. The release did not specify how much grain would be purchased from the state, though it said past agreements had resulted in “millions of dollars” of sales.

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