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SPECIALTY CROPS IN ARGENTINA: AN ANALYSIS OF THE CONFECTIONARY SUNFLOWER AGRIBUSINESS FROM AN INSTITUTIONAL ENVIRONMENT, GOVERNANCE STRUCTURE AND MODERN INDUSTRIAL ORGANIZATION APPROACH DOI: 10.5585/remark.v8i2.2132 SPECIALTY CROPS IN ARGENTINA: AN ANALYSIS OF THE CONFECTIONARY SUNFLOWER AGRIBUSINESS FROM AN INSTITUTIONAL ENVIRONMENT, GOVERNANCE STRUCTURE AND MODERN INDUSTRIAL ORGANIZATION APPROACH DOI: 10.5585/remark.v8i2.2132

DOI: 10.5585/remark.v8i2.2132

Keywords: Confectionary Sunflower , Asset Specificity , Contracts , Institutional Environment.

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Abstract:

In Argentina, since the market deregulation and the implementation of convertibility in the nineties, a new scenario evolved for farmers. It became necessary to increase benefits through reducing intermediation, adding value and diversifying risks. In response to that, specialty crops agribusiness started gaining importance as a productive and commercial alternative. The objective of this research is to study the Argentinean performance of a specialty crop, confectionary sunflower,through the methodology proposed by Paul Joskow (1995). It includes the description of the agents that compose the chain and their relationships; the study of the institutional environment in which this agribusiness develops, and the study of the dynamics within the agents. Main findings show that institutional innovations triggered the development of new organizational designs in confectionary sunflower agribusiness, based on contractual schemes that along with comparative advantages, allowed an important growth of the activity, placing Argentina as an important global player. Still, it is observed that there are conflicts within the actors of the chain, affected by factors related to market volatility and strong global competence. It results in a threat to further development of the agribusiness in Argentina, being necessary collective actions in order to be able to capture more value from what the whole system generates. En Argentina, a partir de la desregulación de los mercados y la implementación de la convertibilidad en los ′90, se definía un nuevo escenario para el productor agropecuario en el que era necesario incrementar beneficios a través de reducir la intermediación, agregar valor y diversificar riesgos. En respuesta a ello, los agronegocios de especialidades granarias comenzaron a tomar importancia como alternativa productiva y comercial. El objetivo de este trabajo es estudiar la performance de una especialidad granaria en Argentina, el girasol confitero, a través de la metodología propuesta por P. Joskow (1995). Esta comprende la caracterización de los eslabones que componen la cadena y las interrelaciones existentes; el estudio del entorno institucional en que se desenvuelve este agronegocio y el estudio de la dinámica entre los actores participantes. Los principales hallazgos muestran que las innovaciones institucionales fueron un disparador del desarollo de nuevos dise os organizaciones en el agronegocio del girasol confitero, basados en esquemas contractuales que sumados a ventajas comparativas permitieron un importante crecimiento de la actividad, convirtie

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