The redefined role of finance in Australian agriculture

Larder, Nicolette; Sippel, Sarah Ruth; Argent, Neil

doi:10.1080/00049182.2017.1388555

Cited by 38 publications

(21 citation statements)

References 51 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Other new legacies are now in the making because of water and agricultural reforms. Australia has seen a long-run rationalization within the agricultural industries towards dominance by larger farms (Larder et al, 2017;Rosewarne, 2019). Under this arrangement, farming becomes increasingly capital intensive and maintaining the viability of smaller and/or marginal farms is increasingly difficult (Holmes, 2006).…”

Section: Water Colonialism and New Formationsmentioning

confidence: 99%

Water colonialism and Indigenous water justice in south-eastern Australia

Hartwig

Jackson

Markham

et al. 2021

International Journal of Water Resources Development

View full text Add to dashboard Cite

Political theorists argue that justice for cultural groups must account for socioeconomic distribution, political representation and cultural recognition. Combining this tripartite justice framework with settler colonial theory, we analyse novel data sets relating to Aboriginal peoples' water experiences in south-eastern Australia. We construe persistent injustices as 'water colonialism', showing that the development of Australia's water resources has so far delivered little economic benefit to Aboriginal peoples, who remain marginalized from decision-making. We argue that justice theories need to encompass a fourth dimension -the vitally important socio-ecological realm -if they are to serve as conceptual resources for advancing Indigenous peoples' rights and needs.

show abstract

Section: Water Colonialism and New Formationsmentioning

confidence: 99%

Water colonialism and Indigenous water justice in south-eastern Australia

Hartwig

Jackson

Markham

et al. 2021

International Journal of Water Resources Development

View full text Add to dashboard Cite

show abstract

“…Turning farmland into an investable thing has gained relevance as a global prime concern in recent years, calling for a series of technoscientific (but also legal and political) measures that have not gone unnoticed in assetization studies (Ducastel and Anseeuw 2017;Fairbairn 2014;Li 2014Li , 2017Larder et al 2018;Ouma 2019). A more overarching idea is also gaining momentum in the face of the rush to develop economic solutions to the environmental crisis-namely, that of considering all environmental resources, or nature altogether, as an asset or pool of assets.…”

Section: Turning Nature Into Assetsmentioning

confidence: 99%

Introduction: Assetization and Technoscientific Capitalism

Birch¹,

Muniesa

2020

Assetization

View full text Add to dashboard Cite

Kean Birch and Fabian Muniesa capital investment. Those are very different things, and the aim of contributors to this book is to flesh out this central point. Our perspective, then, is that we cannot characterize and analyze technoscientific capitalism solely in commodity terms anymore, not in the era of Uber and Airbnb, Google and Amgen. Can we understand the "unicorns" stalking Silicon Valley (i.e., firms whose notional valuations top $1 billion, promising huge returns to shrewd investors), the biopharmaceutical firms ramping up drug prices (while buying back their shares to shore up their share value), and governments turning the atmosphere into financial assets (and giving them away to polluters) without struggling within prevailing conceptions of the commercialization, marketization, and commodification of technoscientific research and innovation? As the latest stage of capitalism entrenches, it becomes even more difficult to see what is driving the accumulation of capital. As the marginal cost of production approaches zero, it is increasingly evident that productivity increases will not lead to sustainable profits. What will? Business model sorcery perhaps? Intriguing things are going on indeed, we contend, as a consequence of an emerging "asset form" that has come to replace the commodity as the primary basis of contemporary capitalism. By asset, we mean something that can be owned or controlled, traded, and capitalized as a revenue stream, often involving the valuation of discounted future earnings in the present-it could be a piece of land, a skill or experience, a sum of money, a bodily function or affective personality, a life-form, a patent or copyright, and so on. Discounting reflects an assumption about the future value of money, which is framed by expectations about future inflation, risks, and uncertainties (Muniesa et al. 2017). Assets can be bought and sold, yes. But the point is to get a durable economic rent from them, not to sell them in the market today; here we use the term rent to mean the extraction of value through the ownership and control of an asset, which usually entails limiting access to it (Birch 2020). How do things become assets, then? They are made so: the asset form is not, it is important to stress, the consequence of some inherent or embodied quality. One intention with this book is to show how assets are constructed, how a variety of things are and can be turned into assets, examining the interests, activities, skills, organizations, and relations entangled in this process. Another is to stress that technoscientific capitalism entails specific practices that make the uncertainty inherent in innovation understandable

show abstract

“…In order to understand how the black earth soil became so central in the discourses of the investors operating in Russian and Ukrainian agriculture, this article draws on literature that studies how objects of nature become natural resources (Richardson and Weszkalnys 2014), and subsequently possible financial assets (Larder et al 2017;Li 2014;Ouma 2016;Visser 2017). Although transnational farmland investments, especially those made by the financial sector, are considered increasingly footloose, virtual, and detached from the 'real' economy, the involvement of foreign and financial players in farmland investment necessitates taking the materiality of the investment object seriously.…”

Section: Resource and Asset Makingmentioning

confidence: 99%

Persistent farmland imaginaries: celebration of fertile soil and the recurrent ignorance of climate

Виссер

2020

Agric Hum Values

View full text Add to dashboard Cite

This article looks at how imaginaries of land and climate play a role in farmland investment discourses and practices. Foreign farmland investors in the fertile black earth region of Russia and Ukraine have ‘celebrated’ soil fertility while largely ignoring climatic factors. The article shows a centuries-long history of outsiders coming to the region lured by the fertile soils, while grossly underestimating climate which has had disastrous implications for farm viability and the environment. Comparisons with historical and contemporary literature on other regions (e.g. the US prairies and North Africa) suggest that the underestimation of climatic risks by newcomers is remarkably prevalent in resource frontiers.

show abstract

The redefined role of finance in Australian agriculture

Cited by 38 publications

References 51 publications

Water colonialism and Indigenous water justice in south-eastern Australia

Water colonialism and Indigenous water justice in south-eastern Australia

Introduction: Assetization and Technoscientific Capitalism

Persistent farmland imaginaries: celebration of fertile soil and the recurrent ignorance of climate

Contact Info

Product

Resources

About