Investor ownership or social investment? Changing farmland ownership in Saskatchewan, Canada

Desmarais, Annette Aurélie; Qualman, Darrin; Magnan, André; Wiebe, Nettie

doi:10.1007/s10460-016-9704-5

Cited by 50 publications

(33 citation statements)

References 26 publications

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“…This study shows evidence of ongoing consolidation and nonlocal ownership, issues that other authors have suggested contributes to lower rural populations, declining tax bases, and a loss of social connectivity and trust [24].…”

Section: Discussionsupporting

confidence: 52%

“…However, scholars have documented increasing ownership of land by financial investors, such as farmland investment firms and farmer/investor hybrid models, who are motivated both by the prospect of capital gains from rising land prices and the steady income provided through leases [10,16,17]. Investors are actively purchasing land both in the Global South [16,18,19] and North including in Australia [20], Canada [21][22][23][24], and the United States. There is no comprehensive data for the U.S., but Gunnoe suggests that in the USA, "we are witnessing an unprecedented integration between finance capital and land ownership that harkens back to previous eras of rentier control" [25] (p. 478).…”

Section: Introductionmentioning

confidence: 99%

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Changes in Farmland Ownership in Oregon, USA

Horst

2019

Land

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The ownership of agricultural land has important implications for food systems, the environment, farmer livelihoods, and rural economies, communities, and landscapes. This article examines the changing ownership of agricultural lands in the United States, specifically focusing on Oregon, a state with a history of family farm ownership. I first review historical and recent trends in farmland ownership, including private enclosure, consolidation, investor purchase, development, and rising farmland prices. Next, I examine the county records for all Oregon farm properties that sold between 2010 and 2015. I provide summary statistics about the volume and pace of transactions, price per acre, and the type of owner. I also offer brief cases on top purchasers, attempting to understand their intentions with the farm properties. The findings demonstrate a rapid turnover in Oregon farmland and high prices, though that varies across the state. Agricultural corporations, investment companies, and real estate and development interests are buying large amounts of farmland. I conclude by offering reflections on the implications of the changing ownership and direction for further research.

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Section: Discussionsupporting

confidence: 52%

Section: Introductionmentioning

confidence: 99%

Changes in Farmland Ownership in Oregon, USA

Horst

2019

Land

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“…The findings of the most wellstudied cases capture the diversity of approaches during the recent years of the land rush. Some states such as Australia (Larder et al, 2015;Magnan, 2015;Sippel, 2018;Sippel et al, 2017), Russia (Visser et al, 2012) and Ethiopia (Lavers, 2012) have welcomed foreign investment, while others such as Argentina (Perrone, 2013), Brazil (Fairbairn, 2015;Wilkinson et al, 2012) and Canada (Desmarais et al, 2017;Magnan, 2015;Magnan & Sunley, 2017) have followed a more cautious path.…”

Section: Measuring and Regulating The Global Land Rushmentioning

confidence: 99%

Foreign investments in New Zealand’s agricultural sector and their regulation, 2001–2017

Klinge

2020

Globalizations

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This article focuses on the case of New Zealand within the recent 'global land rush'. It analyzes data regarding foreign investments in agriculture between 2001 and 2017, traces the development of associated regulations and provides an in-depth account of the workings of the competent bureaucracy, the Overseas Investment Office. It shows how deliberately permissive regulation of foreign investments into land turned New Zealand's agricultural sector into a popular destination for capital from the Global North in the years following the global financial crisis, especially with the entry of institutional investors. However, the findings also reveal that the general extent and importance of foreign agricultural investments was moderate during the period, most likely because of limited opportunities for investors to find sufficiently large outlets for their funds. Lastly, the attempts to acquire large tracts of farmland frequently sparked popular concern and caused changes in the regulation.

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“…In a survey of 225 farmers in Manitoba, Canada, Wasney (1992) found that the retiring generation normally has five goals in succession planning: they would like enough wealth or income to support their desired lifestyle during retirement; they want to ensure the continuation of the family farm; they want to maintain good family relationships; and they want to provide financial assistance to both farming and non-farming children. These goals are not always compatible, and the dramatic rise of farmland values, in part driven by institutional ownership of farmland (Desmarais et al 2017;Holtslander 2015), has created further incompatibilities across these goals.…”

Section: Intergenerational Conflicts and Tensions Over Landmentioning

confidence: 99%