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Regulating Land Development: Local Market Structures and Structured Markets
Author(s) -
Marsden Terry,
Murdoch Jonathan,
Flynn Andrew
Publication year - 1993
Publication title -
rural sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.083
H-Index - 65
eISSN - 1549-0831
pISSN - 0036-0112
DOI - 10.1111/j.1549-0831.1993.tb00515.x
Subject(s) - restructuring , agriculture , flexibility (engineering) , business , diversity (politics) , politics , asset (computer security) , land tenure , economic growth , land use , agricultural land , economics , geography , finance , political science , civil engineering , computer security , management , archaeology , engineering , computer science , law
Current rounds of economic restructuring together with the changing priorities accorded to agricultural production are leading to significant shifts in rural property and tenure relations. This paper analyzes these processes with reference to rural Britain; it reports on empirical evidence collected in the county of Buckinghamshire in southeast England. Two significant types of new rural land development are considered—small‐scale industrial units arising out of the conversion of agricultural buildings and golf course developments and their ancillary leisure‐based activities. Post‐war productionist forms of regulation and particularly established types of agricultural tenure are now being modified by farmers and nonagricultural interests committed to the development of rural land. New demands and market structures are requiring more diversity and flexibility by which land is owned, occupied, and used. These emergent, more flexible macro tenures are based on new sets of social and political alliances between farmers, developers, and local planning systems. Agricultural land is increasingly being viewed as a capital rather than as a productive asset associated with more volatile and regionally defined markets whose regulation is formative.