Cramer Signs Letter of Intent for Major Taiwan Wheat Purchase
Washington, D.C. – Congressman Kevin Cramer today signed a letter of intent for Taiwan to purchase more than $480 million in wheat from producers in North Dakota, Idaho, and Montana. Cramer addressed a joint ceremony between the Taiwanese Agricultural Trade Goodwill Mission and United States grains exporters.
“It is refreshing to participate in a ceremony which celebrates peace through trade during a week when Washington is consumed with conflict. Food has long been a tool of peace, and this day and this mission serve as testimony to the world that agricultural trade between partners and friends is better than missiles. Thank you for partnering with North Dakota farmers in the important cause of feeding people,” said Cramer.
North Dakota has a strong agricultural trade relationship with Asian countries. In the latest annual report, 75% of the state’s hard red spring wheat exports were sold to Asia, and 95% of North Dakota’s soybeans are exported annually. The Taiwanese trade mission will buy $4 billion in U.S. agricultural products in 2014 and 2015, including soybeans and corn from Michigan, Iowa and Minnesota.
Taiwan is the 7th largest American agricultural export market, and ranks 2nd in per person consumption to Canada. This is the mission’s 9th visit to the United States since 1998.