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

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

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.

Suggested Citation

  • Pelaez, Victor Manoel & Aquino, Dayani & Hofmann, Ruth & Melo, Marcelo, 2010. "Implementation of a Traceability and Certification System for Non-genetically Modified Soybeans: The Experience of Imcopa Co. in Brazil," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 13(1), pages 1-18, February.
    • Handle: RePEc:ags:ifaamr:93341
    DOI: 10.22004/ag.econ.93341
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    Cited by:

    1. Kalaitzandonakes, Nicholas & Kaufman, James & Miller, Douglas, 2014. "Potential economic impacts of zero thresholds for unapproved GMOs: The EU case," Food Policy, Elsevier, vol. 45(C), pages 146-157.
    2. Varacca, A. & Boccaletti, Stefano & Soregaroli, C., 2013. "Economic aspects of segregation between GM and non-GM Crops along the Food Supply Chain," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 151428, Agricultural and Applied Economics Association.
    3. Syaiful Anwar & Tomy Perdana & Meddy Rachmadi & Trisna Insan Noor, 2022. "Traceability Information Model for Sustainability of Black Soybean Supply Chain: A Systematic Literature Review," Sustainability, MDPI, vol. 14(15), pages 1-19, August.

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    Keywords

    Agricultural Finance; Financial Economics;

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