State to benefit from Taiwan’s $1.3B Letter of Intent to buy U.S. wheat

SIOUX FALLS, S.D. (Dakota News Now) - This month, South Dakota economic leaders made progress in the expansion of wheat trade to Taiwan.

Taiwan’s Agricultural Trade Goodwill Mission sent a delegation to visit several states, including South Dakota, pledging to purchase $1.3 billion in U.S. wheat from 2026 to 2029.

“By coming to South Dakota, visiting our people, visiting our businesses, visiting our producers, they can see firsthand how we do business. They can see firsthand how commodities are raised and grown in our state, and they can see firsthand the way we work together to make things happen,” South Dakota Trade President Jesse Fonkert said.

Taiwan’s $1.3 billion Letter of Intent for U.S. wheat, signed with the South Dakota Wheat Commission, serves the state well, as it stands as