Trade mission yields new deal with Taiwan for Nebraska grain -
Published Friday, September 6, 2013 at 9:56 am / Updated at 5:05 pm
Trade mission yields new deal with Taiwan for Nebraska grain

Nebraska officials on an Asian trade mission said Friday they have secured agreements from Taiwan for the purchase of up to $472 million of grain over the next two years, a pact similar to two earlier ones.

Lt. Gov. Lavon Heidemann said on a conference call from Taiwan that the agreement is with that country’s ag trade associations for the purchase over two years of as much as 1 million metric tons of corn, 600,000 metric tons of wheat and 220,000 metric tons of soybeans.

“Throughout this visit we’ve been told by the Taiwanese that they appreciate Nebraska’s efforts to develop meaningful connections with government leaders, importers and other business leaders,” Heidemann said. “They also continue to point out that they enjoy knowing Nebraska will deliver high-quality commodities.”

Heidemann said the sales will be between private Nebraska companies and private Taiwanese companies that are members of the nation’s flour, vegetable oil and animal-feed trade associations.

The new agreement follows ones reached in 2007 and 2010, which were each for about $500 million of grain.

Nebraska in 2011 produced about 40 million metric tons of corn, about 1.7 million of winter wheat and about 7 million of soybeans. That means the Taiwan purchase agreements amount to about one-fortieth of a single year’s corn crop, about a third of the wheat production and about 3 percent of the soybeans.

“This is good news for Nebraska,” said Gov. Dave Heineman. “This agreement shows the value of developing and fostering relationships when it comes to trade opportunities.”

Taiwan is Nebraska’s 13th-largest export market with $94 million worth of trade in 2012. The country ranked 10th for agricultural exports from Nebraska.

Heidemann is currently leading the Nebraska trade mission to Asia, with the next stop in Japan, a major market for Nebraska beef. He and the other members of the Nebraska trade delegation are scheduled to participate in the annual Midwest U.S.-Japan Association Conference in Tokyo.

Contact the writer: Russell Hubbard    |   402-444-3133

Russell Hubbard covers banking, financial services, corporate finance, TD Ameritrade, business lawsuits, bankruptcies and other economic and financial topics.

Fortress Wealth joins Securities America network
USDA orders farms to report pig virus infections
March unemployment rates up slightly in Nebraska, Iowa
Airbnb event seeks Omaha-area hosts for Berkshire weekend, CWS
Developer wants to transform old Millard Lumber site with housing, commercial buildings
Dip in Nebraska economic index doesn’t reflect outlook
Post Holdings buys Michael Foods
Business digest: Target expands subscription service, adds discount
Rural Mainstreet Index finds slow growth
Earnings roundup: Chipotle says it won’t scare off customers with higher prices
BNSF to add trains to handle fertilizer
Walmart touts lower money transfer fees
In brief: Judge doesn’t make GM take cars off road
New tenant moves in at old Omar Baking
USDA offers aid for disasters that have driven up beef prices
Union Pacific's profits withstand challenging weather
Program gets students with disabilities on the job, ready for future
Nebrasks health officials to advertise jobs via drive-thru
Applications for U.S. jobless aid edge up to 304,000
Nebraska Crossing Outlets stores, layout
Garbo’s Salon at Midtown Crossing to expand, add loft
New First Data Corp. board member is latest JPMorgan alum
$600 million job-training effort to focus on skill sets
Original Recipe or Extra Crispy? Don't be chicken! Wear your dinner to prom with a KFC corsage
In brief: Bitcoin exchange faces liquidation
Deadline Deal thumbnail
The Jaipur in Rockbrook Village
Half Off Fine Indian Cuisine & Drinks! $15 for Dinner, or $7 for Lunch
Buy Now
< >
Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail
Want to get World-Herald stories sent directly to your home or work computer? Sign up for's News Alerts and you will receive e-mails with the day's top stories.
Can't find what you need? Click here for site map »