The Financialization of Agri-Food Systems: Contested Transformations, 1st Edition (Hardback) book cover

The Financialization of Agri-Food Systems

Contested Transformations, 1st Edition

Edited by Hilde Bjorkhaug, André Magnan, Geoffrey Lawrence

Routledge

326 pages | 23 B/W Illus.

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Hardback: 9781138068513
pub: 2018-09-05
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Description

Financialization is the increased influence of financial actors and logics on social and economic life, and is one of the key drivers transforming food systems and rural economies around the world. The premise of this book is that the actions of financial actors, and their financial logics, are transforming agri-food systems in profound ways. It is shown that although financialization is a powerful dynamic, some recent developments suggest that the rollout of financialization is contradictory and uneven in different spaces and markets. The book examines cases in which state regulation or re-regulation and social movement resistance are setting roadblocks or speed bumps in the path of financialization, resulting in a ‘cooling off’ of investment, as well as the other side of the argument where there is evidence of a ‘heating up’. The authors address not only the limits to financialization, but also the mechanisms through which financial entities are able to penetrate and re-shape agri-food industries.

This book provides both a comparative analysis of financialization blending, and empirical findings with conceptual insights. It explores the connection between financialization, food systems, and rural transformation by critically examining: the concept of financialization and how food and farming are being financialized; the impacts of financialization in the food industry; and financialization in farming and forestry – along with the impacts this has on rural people and communities. This is a timely book, bringing together concrete case studies, from around the globe, to reveal the operations and impacts of finance capital in the ‘space’ of agri-food.

Table of Contents

1. Introduction: The Financialization of Agri-food

Hilde Bjørkhaug, André Magnan, Geoffrey Lawrence

Part I How are Food and Farming being ‘Financialized’?

2. The Concept of ‘Financialization’: Criticisms and Insights

Geoffrey Lawrence and Kiah Smith

3. Profit, Aid and Ethics in Public Financialization

Hilde Bjørkhaug and Jostein Brobakk

4. Strategic Financialization? The Emergence of Sovereign Wealth Funds in the Global Food System

Sarah Ruth Sippel, Michaela Böhme and Cynthia Gharios

5. Opening the Black Boxes of Finance-Gone-Farming: A Global Analysis of Assetization

Stefan Ouma

6. Farmland Values: Media and Public Discourses around Farmland Investment in Canada and Australia

André Magnan

Part II Financialization of the Food Industry

7. Riding the Waves of Crises: Finance, Food and Political Tumult in Egypt

Marion Dixon

8. Financialization in Japanese Agri-food Regimes: Uncovering the Role of Sogo-shosha in Global Soy Investment

Midori Hiraga

9. Poultry Grabs and Agri-food Financialization: The Case of JBS of Brazil

Jonathan Almanza, Douglas H. Constance and Francisco Martinez

10.Between Cooperative and Private Equity Capital in the Norwegian Food Sector: How do the Corporate, Cultural and Political Environments Make a Difference?

Reidar Almås

Part III Financialization of Farming and Forestry

11. Old Roots, New Shoots: Thickening the Local Histories of Agri-food Financialization

Melanie Sommerville

12. Canadian Supply Management as a Bulwark against Financialization

Bruce Muirhead and Jodey Nurse-Gupta

13. The Local Counterparts of Financialization: Organizational Accomplishments of Farm/land Investments and Sales

Jana Lindbloom

14. Financialization and the Swedish Land Acquisition Act

Elin Slätmo

15. Institutional Investment in a Multi-functional Forested Landscape: Neoliberalism and Pragmatism in Contemporary Land conservation

Steven Wolf

About the Editors

Hilde Bjørkhaug is Research Professor at Ruralis – Institute for Rural and Regional Research, Trondheim, Norway.

André Magnan is Associate Professor in the Department of Sociology and Social Studies at the University of Regina, Canada.

Geoffrey Lawrence is Emeritus Professor of Sociology in the School of Social Science at The University of Queensland, Australia.

About the Series

Earthscan Food and Agriculture

Earthscan Food and Agriculture
This series includes a wide range of inter-disciplinary approaches to food and agriculture, integrating perspectives from both social and natural sciences. It includes textbooks, research monographs and titles aimed at professionals, NGOs and policy-makers. Authors or editors of potential new titles should contact Hannah Ferguson, Editor (Hannah.Ferguson@tandf.co.uk).

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
SOC026020
SOCIAL SCIENCE / Sociology / Rural