"FORMATION AND DEVELOPMENT OF FINANCIAL CAPITAL IN AGRICULTURE"

Abstract

The purpose of the study is to analyze the theoretical conections between agricultural development and the role played by big capital in it. The investigation identifies the function of the financist in the development process. Outstanding are the interrelationships of that function with enterprise strategies concerned with intersectorial diversification of investments in order to advance capital integration or conglomeration, as a process of centralizing capital in final pursuit of a medium profit rate from de various markets or sectors where it operates. Also integrated in the center of the capital fusion process is the land market, which is submitted to the same logic of diversification and value increase. The comand of property rights over business groups constitutes itself in an important centralized form of administering and defining strategies of diversifying investments. Agriculture assumes in this context a specific character, whether in the form in which its relation with conglomerate capital occurs, or in the manner applied capital flows. Increasing mobilization (centralization) and mobility of capital are characteristics of financial capital and assume peculiar aspects in agriculture due to the specific rotation of capital in that sector. Implications of this style of capitalist development for production, agrarian structure and rural income set new problems for the "agrarian question" in the present.