Taiwan Soybean Purchase Heralded by Iowa Farmers

Statement courtesy of Iowa Soybean Association President-elect Tim Bardole who grows soybeans near Rippey in Greene County, Iowa. Audio available upon request.

Today’s announcement by our Taiwanese trading partners to increase purchases of U.S. soybeans is welcomed news. As an Iowa soybean farmer, I can say firsthand that we need some good news. Soybean harvest is underway in Iowa and across the nation. This year is expected to be a record yield. We’re good at growing soybeans. Iowa and U.S. farmers are also committed to ensuring that we’re a reliable supplier and that our soybeans are of the highest quality. Taiwan knows this, evident by their intention to increase imports of U.S. soybeans by 37 percent compared to last year. Agricultural trade is a great uniter. As an industry, we celebrate and recognize the importance of events like this and welcome the opportunity to do business with Taiwan and other key trading allies moving forward.

Positive developments in trade continue today with the announcement of a potential new free trade agreement as it relates to Canada. The Iowa Soybean Association looks forward to hearing more details on this agreement as they become available. Broadening agricultural markets and expanding trade is positive for Iowa’s economy and soybean farmers. 

Funded by the soybean checkoff.

The Iowa Soybean Association (www.iasoybeans.com) develops policies and programs that help Iowa’s more than 40,000 soybean farmers expand profit opportunities while promoting environmentally sensitive production using the soybean checkoff and other resources. The association was founded in 1964 and is governed by an elected volunteer board of 22 farmers. It strives to be honest and transparent, fact-based and data driven and committed to environmental stewardship, collaborations and partnerships.