ABSTRACT
Reference prices at the farm level for several strategic commodities issued by the Ministry of Trade are generally higher than fair prices to obtain reasonable profits (20-30% of total farming cost). For maize, soybean, and sugar, the reference price is around 2.28%; 14.34%; and 13.40%...
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Taiwan's Ministry of Agriculture (MOA) on Monday unveiled a comprehensive support package to help agricultural producers and exporters weather the impact of impending U.S. tariffs.
The six-measure initiative comes in response to a decision by the Donald Trump administration on April 2 (U.S. time) to impose a 32 percent import duty on all imports from Taiwan, a move that a week later was postponed for 90 days.
In its place the U.S. has temporarily imposed a 10 percent tariff on most imports from countries around the world, including Taiwan, with China one of the few exceptions.
According to a statement published on the MOA's website, the measures are designed to stabilize the industry, protect affected producers and enhance Taiwan's competitiveness in both domestic and overseas markets.
To cushion the short-term financial impact of tariffs, the ministry said it would subsidize loan interest rates by up to 0.75 percent for a period of six months, with individual loans capped at NT$20 million for eligible farmers, agricultural groups and agribusinesses.
Beyond financing, the government will provide subsidies for cold chain infrastructure, product processing, and quality certification, as part of broader efforts to upgrade production capabilities.
Read more here.