Political Economy of Food and Finance

<p></p>This book describes the financialization process in commodity futures markets which transformed commodities into an asset class. Incorporated into the portfolio decisions of investors commodity prices now behave like all asset prices becoming more volatile and subject to periodic bubbles. As commodity prices were driven higher in the 2000s farmland became more valuable setting off a global land grab by investors nations and corporations. More recently under the financialization food regime slow growth and low returns encouraged merger activity driven by private equity firms with food industry corporations as prime targets leading to increased industry concentration. <p></p> <p></p>