Key Takeaways
- Verity’s traceability software will be implemented by Minnesota Soybean Processors (MnSP).
- The technology is intended to support compliance, audit processes, and supply chain transparency.
- The collaboration focuses on documenting attributes of sustainably grown soybeans.
- MnSP operates one of the largest soybean processing and biodiesel production plants in Minnesota.
- The partnership may support access to export markets requiring verified sustainability data.
Verity’s Software Aims to Support Verified Supply Chain Reporting
Verity Holdings, LLC (“Verity”) has entered into a partnership with Minnesota Soybean Processors (MnSP) to implement its track and trace software within MnSP’s operations. The objective of the collaboration is to enhance data verification and documentation across MnSP’s soybean processing activities, particularly for markets that prioritize sustainable and regeneratively grown agricultural products.
According to Verity, the system provides tools for compliance reporting and audit preparation, while aiming to increase the traceability of crop attributes throughout the supply chain.
Verity Holdings: Focus on International Market Requirements
Both companies have indicated that the initiative is designed to support transparency and consistency in documenting product origin and sustainability practices. Verity’s platform will be used to help demonstrate traceability from farm-level inputs to finished goods. This may assist MnSP in meeting requirements for export markets that seek certified or documented sustainable sourcing.
“By leveraging our advanced data verification and supply chain transparency solutions, MnSP can document key attributes with confidence,” said Kimberly Bowron, President of Verity.
MnSP Processing Capabilities
Founded in 2003, MnSP operates a soybean crushing facility in Brewster, Minnesota. The site processes more than 100,000 bushels of soybeans per day and includes a refinery that produces feedstock for edible oils and biofuels. Additionally, MnSP operates a 41-million-gallon biodiesel production plant that has been in operation for over 20 years.
Potential for Expanded Use of Verity’s Platform
The collaboration with MnSP is one of several applications where Verity’s software may be used to align supply chain operations with sustainability reporting needs. Both companies have noted that this initiative may represent the beginning of broader efforts to apply data-driven traceability tools across soybean production and processing networks.
“This is the first of many opportunities to create value by ensuring complete traceability from farm to finished products,” the companies stated.
