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Tracking farmland investment in Australia: Institutional finance and the politics of data mapping.

Authors :
Smith, Kiah
Langford, Alexandra
Lawrence, Geoffrey
Source :
Journal of Agrarian Change. Jul2023, Vol. 23 Issue 3, p518-546. 29p. 2 Charts, 2 Graphs, 1 Map.
Publication Year :
2023

Abstract

Tracking farmland purchases is central to interpreting transnational finance's growing power in agrarian restructuring. Australia's public Register of foreign land ownership reveals little about agrarian change, however. In presenting the first comprehensive mapping of farmland purchases made between 2008 and 2020, this paper examines the ways that financial investments are altering farm ownership patterns in Australia. First, we show that most foreign owned land has been purchased by only 10 pastoral companies, which are implicated in speculative development activities. Second, foreign investment in cropping and horticulture is more significant than it appears in the Register, with investments in agricultural infrastructure increasingly driving land use change. Third, we illustrate the deepening entrenchment of institutional finance. By engaging with the findings from our dataset as well as with the politics of data that have shaped the availability of information, the paper progresses understandings of the financialization of farmland in both its material and ideational aspects. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14710358
Volume :
23
Issue :
3
Database :
Academic Search Index
Journal :
Journal of Agrarian Change
Publication Type :
Academic Journal
Accession number :
164655870
Full Text :
https://doi.org/10.1111/joac.12531