Baines, Joseph. 2015. Price and Income Dynamics in the Agri-Food System: 
A Disaggregate Perspective. Unpublished PhD Dissertation, Department of 
Political Science, York University, pp. 1-194.

ABSTRACT

This dissertation seeks to illuminate contemporary processes of 
redistribution in the agri-food sector, with particular reference to the 
US. It addresses the following questions: How has the rapid rise in food 
price instability since the turn of the twenty-first century impacted 
income shifts within the agri-food system? Which groups within 
agriculture and agribusiness benefit from high and volatile food prices 
and which groups have suffered amid the tumult? Are all of these groups 
'price-takers' that simply respond to price signals? Or are some of them 
'priceshapers' that, with varying degrees of success, actively seek to 
restructure the agri-food system, and the regulatory architecture that 
governs it, in ways that make certain price developments more likely?

Hitherto, there has been little in the way of sustained analysis of the 
connections between prices, power and redistribution in the agri-food 
system. The dissertation addresses three approaches that offer some 
perspective on the redistributional-power dynamics of agricultural 
commodity price movements: global value chains analysis, the food regime 
approach and the emergent international political economy literature on 
post-crisis commodity derivatives regulations. As the thesis argues, 
although these approaches offer important qualitative insights, they 
have yet to offer quantitative means of gauging the power-shifts between 
different agricultural and agribusiness groups and their connection to 
price-shifts between different agri-food sub-sectors.

The thesis attempts to enfold the multiple insights of the existing 
literature into the capital as power approach. I submit that the process 
of enfoldment results in an analysis that offers a rich and highly 
differentiated understanding of the redistributional dynamics of high 
and volatile agricultural commodity prices. The arguments are made in 
relation to the contestation within agriculture and agribusiness over 
perhaps the two most controversial developments within the US agri-food 
sector in the early twenty-first century: the diversion of grain into 
agrofuels production and the rise of 'excessive speculation' in 
agricultural derivatives markets.

The importance of these two developments is underlined by the fact that 
a number of scholars have attributed the sharp food price peaks in 
2007-08 and 2010-11 to the influx of speculative investment in futures 
markets, and the general upward trend in food prices in the 2000s to the 
agrofuel boom. By analyzing the redistributional effects of high and 
volatile prices, and by examining the contestation over the course taken 
by agrofuels policy and commodity derivatives regulation, the 
dissertation outlines the winners and losers of high and volatile food 
prices within both agribusiness and agriculture.

[This thesis was nominated for the York University Dissertation Prize.]

FULL TEXT: http://bnarchives.yorku.ca/437/

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Jonathan Nitzan
Political Science || Social and Political Thought
York University
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