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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.
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