Food, Farming and Financialisation: Agri-food Transformations in Australia

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Through interviews and document analysis, this project aims to examine the ways financialisation is transforming agri-food industries in Australia. Financialisation – the growing presence of financial firms in contemporary economic relations – is an increasingly important, yet poorly understood, concept. Its application to food and farming industries is very recent. By investigating which countries and foreign firms are purchasing food companies and farmlands, for what purposes, and with what outcomes, the project intends to ascertain the place of financialisation in the emergence of a third food regime and to clarify issues of ownership and control of Australia’s agri-food resources. This would provide policy-makers and the public with accurate information with which to assess whether agri-food investments strengthen national food security, provide positive benefits to rural communities, and comply with national investment guidelines.