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The complex dynamics of agriculture as a financial asset: introduction to symposium

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  • Jennifer Clapp

    (University of Waterloo)

  • S. Ryan Isakson

    (University of Toronto)

  • Oane Visser

    (Erasmus University Rotterdam)

Abstract

The contemporary process of financialization has been a major driver of the remarkable changes witnessed in global food and agricultural markets over the past decade, contributing to the rise and subsequent volatility of food and agricultural commodity prices since 2006. In the wake of these developments it has become clear that the turmoil has intensified the relationship between agriculture and finance in ways that have profound and enduring implications for the sector, and the people whose lives and livelihoods depend upon it. This symposium brings together four original research articles that contemplate the contemporary relationship between the agrifood and financial sectors. They examine a variety of overlapping themes, including the creation of financial assets from farmland and agricultural commodities, the activities of different types of investors in these assets in specific geographic contexts, and the challenges of governing this activity at the global scale. These articles show that the period of market volatility that began a decade ago re-invigorated investor interest in financial products linked to agriculture and farming, and inspired the packaging of new forms of financial assets in ways that have affected politics and practice on the ground, and are likely to leave a lasting legacy.

Suggested Citation

  • Jennifer Clapp & S. Ryan Isakson & Oane Visser, 2017. "The complex dynamics of agriculture as a financial asset: introduction to symposium," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 34(1), pages 179-183, March.
    • Handle: RePEc:spr:agrhuv:v:34:y:2017:i:1:d:10.1007_s10460-016-9682-7
    DOI: 10.1007/s10460-016-9682-7
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    References listed on IDEAS

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    1. Sophia Murphy, 2008. "Globalization and Corporate Concentration in the Food and Agriculture Sector," Development, Palgrave Macmillan;Society for International Deveopment, vol. 51(4), pages 527-533, December.
    2. Rasmus Heltberg & Naomi Hossain & Anna Reva & Carolyn Turk, 2013. "Coping and Resilience during the Food, Fuel, and Financial Crises," Journal of Development Studies, Taylor & Francis Journals, vol. 49(5), pages 705-718, May.
    3. Jennifer Clapp, 2009. "Food Price Volatility and Vulnerability in the Global South: considering the global economic context," Third World Quarterly, Taylor & Francis Journals, vol. 30(6), pages 1183-1196.
    4. HighQuest Partners, United States, 2010. "Private Financial Sector Investment in Farmland and Agricultural Infrastructure," OECD Food, Agriculture and Fisheries Papers 33, OECD Publishing.
    5. Jayati Ghosh & James Heintz & Robert Pollin, 2011. "Speculation on Commodities Futures Markets and Destabilization Of Global Food Prices: Exploring the Connections," Working Papers wp269, Political Economy Research Institute, University of Massachusetts at Amherst.
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    Cited by:

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    2. Matthew Henry & Russell Prince, 2018. "Agriculturalizing finance? Data assemblages and derivatives markets in small-town New Zealand," Environment and Planning A, , vol. 50(5), pages 989-1007, August.
    3. Justyna Agnieszka Franc-Dabrowskaa, 2019. "Crawling financialization in Central and Eastern Europe using the example of Agriculture," Economia agro-alimentare, FrancoAngeli Editore, vol. 21(3), pages 677-696.
    4. Bastos Lima, Mairon G. & Kmoch, Laura, 2021. "Neglect paves the way for dispossession: The politics of “last frontiers” in Brazil and Myanmar," World Development, Elsevier, vol. 148(C).
    5. Geoffrey Desa & Xiangping Jia, 2020. "Sustainability transitions in the context of pandemic: an introduction to the focused issue on social innovation and systemic impact," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(4), pages 1207-1215, December.
    6. Sarah Ruth Sippel & Oane Visser, 2021. "Introduction to symposium ‘Reimagining land: materiality, affect and the uneven trajectories of land transformation’," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 38(1), pages 271-282, February.
    7. Rashid Khan, Haroon Ur & Islam, Talat & Yousaf, Sheikh Usman & Zaman, Khalid & Shoukry, Alaa Mohamd & Sharkawy, Mohamed A. & Gani, Showkat & Aamir, Alamzeb & Hishan, Sanil S., 2019. "The impact of financial development indicators on natural resource markets: Evidence from two-step GMM estimator," Resources Policy, Elsevier, vol. 62(C), pages 240-255.

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