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Abstract
In order to ensure the economic sustainability of a small-scale agroindustrial project, it is essential that proper
investment opportunity studies be conducted, observing, among other factors, the business model and its associated
risks. An adequate ability to perform this analysis is also considered essential to guarantee the effectiveness of
development programs. The objective of this work is to discuss the current methodology of feasibility studies,
emphasizing the specific needs of small-scale agroindustrial project analysis. An attempt to identify the limitations of
the classical approach of uncertainty and risk analyses, in this regard, is made. It is argued that the success rate of
agroindustrial development projects and programs can be improved by the preparation and evaluation of well designed
business plans. In this perspective, variables that may threaten the sustainability goal should be properly identified and
evaluated under a systems approach.