‘Pinstripes on the prairies’: examining the financialization of farming systems in the Canadian prairie provinces

Drawing on recent scholarship on the financialization of agro-food systems and the global land grab, this paper examines new forms of financial investment in agriculture in the Canadian prairie provinces. We examine the factors underpinning investor involvement in the sector, including its anticipated financial performance as well as processes of agricultural restructuring that, combined with government actions to liberalize farmland ownership, have facilitated the enrollment of land and labour into new financial vehicles. We focus in particular on the emergence of two new forms of investment vehicles – farmland investment funds and an exchange-traded farming corporation – comparing the business model and investment strategy of each. In doing so, we highlight the ways in which the new investment patterns may propel the restructuring of the agricultural sector, alter power relations among key actors, and introduce new logics into the farming landscape. Our findings allow us to comment on the relevance of the land grabbing frame for making sense of the financialization of agriculture in the global North.