Taiwan to buy $10 billion in U.S. agriculture

Agriculture Secretary Brooke Rollins is announcing a major trade win for U.S. farmers.

She posted on X this morning saying that Taiwan has committed to $10 billion in purchases over the next four years, including soybeans, corn, wheat, and beef.

The announcement comes on the heels of a Taiwan Goodwill Mission, signing a $1.3 billion letter of intent to buy 132 million bushels of U.S. wheat between 2026-2029.

Related Stories
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
Taiwan’s pledge to expand imports strengthens export prospects for U.S. row crops, livestock products, and specialty commodities, while the USDA’s broader trade push seeks to diversify farm markets globally.
With China’s pullback, U.S. sorghum producers must broaden their export markets. Building connections now could help stabilize prices and demand for the upcoming larger crop.
Missouri Director of Agriculture Chris Chinn joined us Monday to share highlights from Secretary Brooke Rollins’ visit and her perspective on USDA’s new initiatives.

LATEST STORIES BY THIS AUTHOR:

At the White House’s “Celebration of Agriculture,” the Trump Administration announced a slate of policies to support farmers and ranchers, including biofuel mandates, SBA loan programs, and new labeling policies to boost domestic markets for ag products.
Corn Refiners Association VP Kristy Goodfellow offered insight into the Feeding the Economy Report’s key findings, showing the breadth of agriculture’s economic impact and the challenges ahead.
RealAg Radio’s Shaun Haney discusses Canada’s new soil health strategy, its implications for producers, and its potential to support sustainable agriculture in Canada compared to USDA funding for conservation.
National Association of Wheat Growers President Jamie Kress discusses how rising fertilizer prices pressure wheat producers and the Administration’s consideration of lowering duties on Moroccan phosphate.
Oklahoma Cattlemen’s Michael Kelsey joined us to discuss wildfire impacts across the Southern Plains, the importance of community support, and the path forward for affected producers.
RFA and ACE leaders join us to discuss the latest developments in ethanol policy, market impacts, and the path forward