Taiwan to Purchase $600 Million Worth of Corn Products from Iowa

Sep 21, 2022

Larry Buss, President of the Iowa Corn Promotion Board® (ICPB) met with representatives of the Taiwan Feed Industry Association, Governor Kim Reynolds and Secretary of Agriculture Mike Naig to sign a letter of intent to purchase $600 million worth of corn products between 2023 and 2024. This agreement includes 1.5 million metric tons (MT) (59 million bushels) of corn and 250 thousand MT (9.8 million bushels) of corn products (DDGS or distillers dried grains and solubles).

Taiwan and Iowa have a longstanding relationship and this letter of intent is a testament to their friendship and mutually beneficial trade commitments. Because of our high-quality produce, the U.S. remains one of Taiwan’s largest sources of agricultural products, supplying more than one-fifth of the country’s major agricultural imports including $72.1 million worth of corn in 2021. We expect Taiwan to remain a consistent partner of Iowa corn farmers.

“As a part of the Iowa Corn Promotion Board’s mission we strive to develop opportunities to help open markets for Iowa corn farmers,” stated ICPB President Larry Buss, a farmer from Logan, Iowa. “Letters of intent allow us to share our bounty with great corn customers, like Taiwan, and mean a great deal for Iowa corn farmers in terms of market opportunity and development.”

Click here to see more...

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.