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From financialization to operations of capital : Historicizing and disentangling the finance–farmland-nexus

Title data

Ouma, Stefan:
From financialization to operations of capital : Historicizing and disentangling the finance–farmland-nexus.
In: Geoforum. Vol. 72 (2016) . - pp. 82-93.
ISSN 0016-7185
DOI: https://doi.org/10.1016/j.geoforum.2016.02.003

Abstract in another language

This largely programmatic paper offers a new way of thinking through the incorporation of farmland into financial markets. Building on the notion of “operations of capital”, it sketches analytical entry points for scrutinizing the inner workings of agri-finance capital formation. The concept of operations can make two useful contributions to the existing discussion. First, it helps provide a more nuanced historicization of the entanglement between finance and farmland. Finance has a long history of penetrating agriculture and the new quality of the contemporary coupling of finance and farmland only becomes fully visible when adopting a more nuanced historical perspective. Rather than imagining the history of capitalism as one where industrial capitalism gives way to financialized capitalism, the concept of operations sensitizes us for the situated modes, processes and practices of financial economization that have reworked economy, society and nature at specific historical conjunctures.

Second, it allows us to move beyond simply treating “financialization” as explanans. Shifting attention to the situated practical activities of global finance, it eventually helps us explore central categories of financial economization (“capital”, “resources”, “property” and “value”) as practical accomplishments rather than taking them for granted. Only then can we come to terms with how finance works through farmland in different geographical settings. Empirical material from an ongoing research project will support my arguments.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Farmland; Agriculture; Global finance; Financialization; Social studies of finance; History; Global land rush
Institutions of the University: Faculties > Faculty of Biology, Chemistry and Earth Sciences
Faculties > Faculty of Biology, Chemistry and Earth Sciences > Department of Earth Sciences
Faculties > Faculty of Biology, Chemistry and Earth Sciences > Department of Earth Sciences > Chair Economic Geography
Faculties
Result of work at the UBT: No
DDC Subjects: 500 Science
500 Science > 550 Earth sciences, geology
Date Deposited: 09 Apr 2019 14:58
Last Modified: 15 Apr 2019 07:18
URI: https://eref.uni-bayreuth.de/id/eprint/48635