Financialization is the increased influence of financial actors and logics on social and economic life, and is one of the key drivers transforming food systems and rural economies around the world. The premise of this book is that the actions of financial actors, and their financial logics, are transforming agri-food systems in profound ways. It is shown that although financialization is a powerful dynamic, some recent developments suggest that the rollout of financialization is contradictory and uneven in different spaces and markets. The book examines cases in which state regulation or re-regulation and social movement resistance are setting roadblocks or speed bumps in the path of financialization, resulting in a ‘cooling off’ of investment, as well as the other side of the argument where there is evidence of a ‘heating up’. The authors address not only the limits to financialization, but also the mechanisms through which financial entities are able to penetrate and re-shape agri-food industries. This book provides both a comparative analysis of financialization blending, and empirical findings with conceptual insights. It explores the connection between financialization, food systems, and rural transformation by critically examining: the concept of financialization and how food and farming are being financialized; the impacts of financialization in the food industry; and financialization in farming and forestry – along with the impacts this has on rural people and communities. This is a timely book, bringing together concrete case studies, from around the globe, to reveal the operations and impacts of finance capital in the ‘space’ of agri-food.

The authors highlight the importance of confronting the financialization of food and agriculture, identify the challenges of conventional approaches to reform and consider innovative alternatives. Speculative Harvests is essential for those who not only seek a better understanding of the problems but are also in search of effective interventions.

"In Speculative Harvests, Clapp and Isakson investigate the evolving relationship between the agrifood and financial sectors, paying particular attention to how the contemporary process of financialization is reshaping agrarian development and food systems. Understood as the growing prevalence of financial actors, markets, motives and profits in an economy, financialization is a defining feature of modern-day capitalism that is reconfiguring the distribution of wealth and economic power in a variety of contexts across the globe. In a clear and accessible manner, Clapp and Isakson explain the character and ramifications of these changes for the world food economy and systematically detail how different elements of agrifood provisioning -- including commodity trading, farmland tenure, the management of agricultural risk, and food trading, processing, and retailing -- have been reconfigured for financial purposes. Clapp and Isakson highlight the importance of confronting the financialization of food and agriculture, identify the challenges of conventional approaches to food system reform and consider innovative alternatives. Speculative Harvests is essential reading for food scholars and activists who not only seek a better understanding of the problems inherent to the contemporary food system but also are also in search of effective interventions towards its positive transformation

The authors highlight the importance of confronting the financialization of food and agriculture, identify the challenges of conventional approaches to reform and consider innovative alternatives. Speculative Harvests is essential for those who not only seek a better understanding of the problems but are also in search of effective interventions.

This book tackles the central question of the political and structural changes and characteristics that govern agriculture and food. Original contributions explore this highly globalized economic sector by analyzing salient geographical regions and sub

'There should be a good market for this book. The topic is very timely and a major theme of the new World Development Report 2008. The editors and contributors are world class.' Derek Byerlee, World Bank 'This is a topic of wide interest and high policy importance. The depth of coverage and excellent synthesis should ensure that the book will have a substantial market in high-level undergraduate and graduate courses in agricultural development. It will have a solid readership among development economists and policy makers as well.' Mark Rosegrant, International Food Policy Research Institute The driving forces of income growth, demographic shifts, globalization and technical change have led to a reorganization of food systems from farm to plate. The characteristics of supply chains - particularly the role of supermarkets - linking farmers have changed, from consumption and retail to wholesale, processing, procurement and production. This has had a dramatic effect on smallholder farmers, particularly in developing countries. This book presents a comprehensive framework for assessing the impacts of changing agri-food systems on smallholder farmers, recognizing the importance of heterogeneity between developing countries as well as within them. The book includes a number of case studies from Asia, Africa, Latin America and Eastern Europe, which are used to illustrate differences in food systems' characteristics and trends. The country case studies explore impacts on the small farm sector across different countries, local contexts and farm types. Published with FAO

The coronavirus disease (COVID-19) pandemic has highlighted food security issues and nutrition gaps in Asia and the Pacific, where various risks and fragilities have continually affected the food and agriculture sector. There is a clear need to integrate sustainable management of natural resources, nutritional considerations, and the economic dimensions of food supply chains to enhance resilience and mitigate climate change. This publication explores how innovative financing and transformative knowledge solutions can help address the financing gaps and other challenges of food systems in the region.