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Taiwan Signs LOIs With Indiana Farm Groups for $6 Billion in Corn and Soy Purchases

The nonbinding pledges signal Taiwan's push for supply‑chain diversification, opening new markets for Indiana growers.

Overview

  • Taiwanese industry groups signed letters of intent with the Indiana Corn Marketing Council and the Indiana Soybean Alliance outlining expected purchases for 2026–2029.
  • The corn LOI targets about $2.12 billion in U.S. corn and corn products, while the soybean LOI projects $3.44–$4.2 billion in U.S. soybeans.
  • Indiana Gov. Mike Braun, Lt. Gov. Micah Beckwith, and state agriculture director Don Lamb witnessed the signing.
  • The agreements are expressions of intent rather than finalized contracts, with specific deals and deliveries to be arranged later.
  • The signings capped the soybean‑and‑corn subgroup’s U.S. stops, as Taiwan runs its largest agricultural trade mission since 1998 alongside separate wheat and beef delegations visiting other states.