Implementation of a Traceability and Certification System for Non-genetically Modified Soybeans: The Experience of Imcopa Co. in Brazil

Victor Manoel Pelaez, Dayani Aquino, Ruth Hofmann and Marcelo Melo

International Food and Agribusiness Management Review, 2010, vol. 13, issue 01, 18

Abstract: This paper analyses a productive opportunity taken by a family-owned Brazilian soybean crusher (Imcopa) as it adapted its production system to sell certified non-GM soybeans products. Imcopa was Brazil’s first soybean crusher to implement a non-GM soybean traceability and certification system, in 1998. It is now held to be the world’s largest non-GM lecithin exporter. The analysis adopted here is based on a microeconomic perspective of productive opportunities identified by the firm, which goes beyond a simple balance-sheet approach. Four fundamental elements were used to guide the analysis: benefit-cost ratio; information asymmetry; bounded rationality; and company’s growth. The possibility of selling non-GM soy and soybean products on the international market has provided Imcopa with access to an even broader commercial network of feed and food products. This has given the company a better outlook on why it should diversify its activities and intensify its pace of growth.

Keywords: Agricultural Finance; Financial Economics (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifaamr:93341

DOI: 10.22004/ag.econ.93341

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