Historical Grounding, Political Contexts, Material Hurdles: Towards more in-depth Understandings of ‘Finance going Farming’

Abstract

Two recently published books—Fairbairn’s Fields of Gold and Ouma’s Farming as a Financial Asset—now provide the first extensive investigations into finance’s engagement with farmland. Both books set out to understand finance’s growing interest in farmland from the perspective of the financial actors involved, and inquire how, why, and with what kind of challenges ‘finance has been going farming.’ This review essay discusses the two books in the context of the ‘land rush’ literature. It outlines how they contribute to an advanced understanding of the financialization of farmland in three ways, by (i) embedding finance-farmland intersections historically; (ii) scrutinizing the role of the state within financial farmland investments; and (iii) exploring the hurdles involved in ‘marrying’ finance with farmland. I then critically reflect on the areas that have not been covered by the authors. Critical agrarian studies need to investigate how financialization intersects with the digitization of agriculture, examine life expectancies and afterlives of financialized farms, further ground financial investment in concrete rural spaces, and explore individual motivations and belief systems of its proponents more seriously.

Biographical Note

Dr. Sarah Ruth Sippel (SFB 1199 & Leipzig University)

Sarah is a lecturer at the Institute of Cultural Anthropology and a principal investigator at the Collaborative Research Centre (SFB 1199) Processes of Spatialization under the Global Condition. Her research interests concern the complex nature of the global agri-food system, particularly questions in relation to food security, the financialization of agriculture and food, and the alternatives that are being developed to the current agri-food system. All these issues raise important questions in relation to politics, ethics, and social justice, which motivate her research. As a human geographer with a background in Middle Eastern Studies and Philosophy, Sarah investigates social phenomena from an interdisciplinary and transregional perspective. She intensively worked on the interlinkages between export agriculture, rural livelihood security, and labour migration in North Africa and the Western Mediterranean. Her current research addresses the diverse (re)imaginations of land in Australia.