IOWA - Over 350 million bushels of U.S grains are headed to Taiwan, most of that coming from Iowa.
It's part of the Taiwan grain deal that Iowa Congressman Steve King helped push through. King recently met with the President of Taiwan, Tsai Ing-wen, to discuss the deal. Today, was the signing ceremony for intent to purchase agreements between King and members of the Taiwanese trade delegation.
"This deal is almost a $3 billion agreement on agricultural products. And we look at Taiwan as one of our most valuable partners, tenth-largest trading partner we have, eight-largest export market for U.S. agricultural products,” said Florida Representative Ted Yoho.
Between 2018 and 2019, a total of $2.7 to $2.8 billion worth of grains will be part of the deal. A lot of it is coming straight from Iowa farmers, helping their farms continue to grow and sustain that growth in the future.
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