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Large investments, small farmers: A financialisation perspective on value chains in a development corridor

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  • Gideon Hartmann
  • Innocent Mwaka
  • Peter Dannenberg

Abstract

Development corridors have recently gained momentum as territorial tools to attract flows of global capital into agricultural value chains. As this includes the controversial blending of public with private funding for investments into farmland, the integration of smallholders in large-scale operations is increasingly promoted as legitimatory practice. With this article, we discuss the role of finance in shaping such value chain arrangements. Using a spatially sensible financialisation perspective, we present two investment cases that have touched ground as reaction to the promotion of the Southern Agricultural Growth Corridor of Tanzania (SAGCOT). We assess how finance unfolded along territorial (corridor region and investment origin) and relational (investment chain and value chain) spatialities, to scrutinise the tensions and fragile outcomes that were co-constituted by mixed financial and moral investment imperatives. This helps to understand whether, why, and with what consequences smallholders can benefit from corridor-related investments.

Suggested Citation

  • Gideon Hartmann & Innocent Mwaka & Peter Dannenberg, 2021. "Large investments, small farmers: A financialisation perspective on value chains in a development corridor," Development Southern Africa, Taylor & Francis Journals, vol. 38(1), pages 122-138, January.
    • Handle: RePEc:taf:deveza:v:38:y:2021:i:1:p:122-138
    DOI: 10.1080/0376835X.2020.1799758
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    Cited by:

    1. Engström, Linda & Bélair, Joanny & Blache, Adriana, 2022. "Formalising village land dispossession? An aggregate analysis of the combined effects of the land formalisation and land acquisition agendas in Tanzania," Land Use Policy, Elsevier, vol. 120(C).
    2. Katharina Proswitz & Mamkwe Claudia Edward & Mariele Evers & Felister Mombo & Alexander Mpwaga & Kristian Näschen & Jennifer Sesabo & Britta Höllermann, 2021. "Complex Socio-Ecological Systems: Translating Narratives into Future Land Use and Land Cover Scenarios in the Kilombero Catchment, Tanzania," Sustainability, MDPI, vol. 13(12), pages 1-27, June.

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