Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom

Global land ownership patterns have been shifting in recent decades, as institutional and non-traditional investors redirect capital into rural areas. Such investment is a stimulating alternative for innovative profit-driven land uses that move beyond agriculture. This paper explores how ‘new money’...

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Autores principales:	Nicola Livingstone, Nick Gallent, Iqbal Hamiduddin, Meri Juntti, Phoebe Stirling
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	direct active investment rural land transformative uses United Kingdom financing diversification Agriculture S
Acceso en línea:	https://doaj.org/article/46985b8a49ca4b038469f3796b9e1675
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spelling	oai:doaj.org-article:46985b8a49ca4b038469f3796b9e16752021-11-25T18:09:18ZBeyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom10.3390/land101111532073-445Xhttps://doaj.org/article/46985b8a49ca4b038469f3796b9e16752021-10-01T00:00:00Zhttps://www.mdpi.com/2073-445X/10/11/1153https://doaj.org/toc/2073-445XGlobal land ownership patterns have been shifting in recent decades, as institutional and non-traditional investors redirect capital into rural areas. Such investment is a stimulating alternative for innovative profit-driven land uses that move beyond agriculture. This paper explores how ‘new money’ economies have created place effects in three rural case studies across the United Kingdom, through concepts of built, natural, social, and economic capital. The case studies are informed by secondary research, site visits, and interviews, providing snapshots of investment impact. They represent diverse transformations in rural land use via new forms of direct investment, active investment, and processes of financing rather than financialisation, with distinct spatial and temporal characteristics. The case studies include new wine production in Kent, England; transforming the Menie Estate into Trump International Golf Links Scotland (TIGLS); and farm diversification in Northern Ireland. The conclusions tell three investment stories, where place effects reflect the dichotomies, contestation, and symbiosis between investors and local contexts. New land uses create place effects where economic potential often conflicts with natural capital impacts, although they foster knowledge creation and exchange. The underlying values of the investors and their navigation of local politics also have key roles to play in shaping the built, natural, social, and economic place effects.Nicola LivingstoneNick GallentIqbal HamiduddinMeri JunttiPhoebe StirlingMDPI AGarticledirect active investmentrural landtransformative usesUnited KingdomfinancingdiversificationAgricultureSENLand, Vol 10, Iss 1153, p 1153 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	direct active investment rural land transformative uses United Kingdom financing diversification Agriculture S
spellingShingle	direct active investment rural land transformative uses United Kingdom financing diversification Agriculture S Nicola Livingstone Nick Gallent Iqbal Hamiduddin Meri Juntti Phoebe Stirling Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom
description	Global land ownership patterns have been shifting in recent decades, as institutional and non-traditional investors redirect capital into rural areas. Such investment is a stimulating alternative for innovative profit-driven land uses that move beyond agriculture. This paper explores how ‘new money’ economies have created place effects in three rural case studies across the United Kingdom, through concepts of built, natural, social, and economic capital. The case studies are informed by secondary research, site visits, and interviews, providing snapshots of investment impact. They represent diverse transformations in rural land use via new forms of direct investment, active investment, and processes of financing rather than financialisation, with distinct spatial and temporal characteristics. The case studies include new wine production in Kent, England; transforming the Menie Estate into Trump International Golf Links Scotland (TIGLS); and farm diversification in Northern Ireland. The conclusions tell three investment stories, where place effects reflect the dichotomies, contestation, and symbiosis between investors and local contexts. New land uses create place effects where economic potential often conflicts with natural capital impacts, although they foster knowledge creation and exchange. The underlying values of the investors and their navigation of local politics also have key roles to play in shaping the built, natural, social, and economic place effects.
format	article
author	Nicola Livingstone Nick Gallent Iqbal Hamiduddin Meri Juntti Phoebe Stirling
author_facet	Nicola Livingstone Nick Gallent Iqbal Hamiduddin Meri Juntti Phoebe Stirling
author_sort	Nicola Livingstone
title	Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom
title_short	Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom
title_full	Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom
title_fullStr	Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom
title_full_unstemmed	Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom
title_sort	beyond agriculture: alternative geographies of rural land investment and place effects across the united kingdom
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/46985b8a49ca4b038469f3796b9e1675
work_keys_str_mv	AT nicolalivingstone beyondagriculturealternativegeographiesofrurallandinvestmentandplaceeffectsacrosstheunitedkingdom AT nickgallent beyondagriculturealternativegeographiesofrurallandinvestmentandplaceeffectsacrosstheunitedkingdom AT iqbalhamiduddin beyondagriculturealternativegeographiesofrurallandinvestmentandplaceeffectsacrosstheunitedkingdom AT merijuntti beyondagriculturealternativegeographiesofrurallandinvestmentandplaceeffectsacrosstheunitedkingdom AT phoebestirling beyondagriculturealternativegeographiesofrurallandinvestmentandplaceeffectsacrosstheunitedkingdom
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Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom

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