The “new agriculture innovation program” adopted by the Executive Yuan on December 8 last year forms the basis of this “plus” initiative added onto the original Five Pillar Industries. The goal is to develop a viable agricultural sector suitable for a modern economy – one with sufficient competitiveness without over-reliance on government subsidies. The program…

Taiwan’s southernmost county is famous for its beaches and deserves more attention as the country’s “fruit basket.” Residents of northern Taiwan are undoubtedly most familiar with the island’s southernmost county of Pingtung as a sunny vacationland whose Hengchun Peninsula is home to the sprawling (333 square-kilometer) Kenting National Park. The adjacent beach resort of Kenting…

Then Council of Agriculture Minister (now Legistlative Yuan Speaker) Su Jia-chyuan, fourth from left, was among the dignitaries at the 2007 ceremony for the bank.

Once saddled with a huge volume of non-performing loans, the farming credit system has strengthened under the supervision of a state-backed agricultural bank. Taiwan’s agricultural finance system has evolved considerably since the early 2000s when it was burdened with a large volume of non-performing loans (NPLs). The dire state of Taiwan’s rural finances at that…