For more than 50 years, U.S. soybean farmers have been collaborating with partners in Taiwan to meet their soybean needs. The trade relationship has grown exponentially over that time, exceeding 2.2 million metric tons in the most recent marketing year. The U.S. has an 86% share of Taiwan’s soy market.
A recent USSEC trade mission to Taiwan celebrated the 50th anniversary of this relationship. The U.S. team included farmers and government officials from Illinois, Indiana, Kansas, Minnesota, Missouri, North Carolina, Ohio and South Dakota. Team members included representatives from Qualified State Soybean Boards (QSSBs) in those states.
“Trade missions like this one in Taiwan are so important to increasing the demand for U.S. Soy,” said Tim Ostrem, soybean farmer and director for the South Dakota Soybean Research and Promotion Council, one of the participating QSSBs. “It’s a great opportunity for buyers to meet the U.S. soybean farmers and put our faces and stories to the product.”