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Finance Capital, Food Security Narratives and A ustralian Agricultural Land
Author(s) -
Larder Nicolette,
Sippel Sarah Ruth,
Lawrence Geoffrey
Publication year - 2015
Publication title -
journal of agrarian change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.63
H-Index - 56
eISSN - 1471-0366
pISSN - 1471-0358
DOI - 10.1111/joac.12108
Subject(s) - financialization , speculation , food security , context (archaeology) , commodity , agriculture , capital (architecture) , position (finance) , food processing , economics , food systems , agricultural productivity , finance , narrative , business , political science , history , ecology , paleontology , linguistics , philosophy , archaeology , law , biology
The growing involvement of financial actors in food production has been one of the major recent transformations in the global agri‐food system. This ‘financialization’ of the agri‐food sector has been observed at various levels, from commodity speculation to direct investment in agricultural production, along with farmland itself. While there has been concerted effort to track new landownership and control associated with financial actors, especially in the Global South, there has been less impetus to examine the motives of financial actors' engagement in food production and the narratives upon which such engagement is based. This paper examines the way in which a productivist food (in)security discourse is employed by financial actors to legitimate their actions and to position themselves to win public approval. We analyse two cases of agri‐finance investors in the A ustralian context engaged in the discourse of food (in)security in relation to their agricultural investments – the Macquarie Group and Hassad A ustralia.