Indigenous Australian landowners are increasingly seeking to develop agricultural production on their lands to improve the welfare and economic opportunities of their communities. This can require substantial capital input and, in the absence of enough government funding, Indigenous groups are turning to private investors. Development literature has explored private sector-led and ‘financialized’ approaches to development at a macro level as something that is done to communities; however, less research has examined how remote communities themselves seek to develop their natural assets through partnerships with businesses and with global finance. This article examines the work being done to prepare land for external investment. It provides an example of emergent assetization processes being undertaken outside the financial sector, driven by social outcomes seemingly beyond the domain of shareholder value. Paradoxically, individuals engaged in these asset-making processes may oppose the withdrawal of direct funding for community development associated with a financialization of development, yet they are left with few options but to further these efforts by seeking private finance themselves — facilitating financialization for development. This interaction of structural effects and local agency complicates narratives of financialization as they are commonly presented and has important implications for Indigenous economic development in Northern Australia.

中文翻译：

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发展金融化？澳大利亚北部偏远地区土著土地的资产制造

澳大利亚土著土地所有者越来越多地寻求在他们的土地上发展农业生产，以改善他们社区的福利和经济机会。这可能需要大量资本投入，并且在缺乏足够政府资金的情况下，土著群体正在转向私人投资者。发展文献在宏观层面探索了私营部门主导和“金融化”的发展方法，作为对社区所做的事情；然而，很少有研究考察偏远社区本身如何寻求通过与企业和全球金融合作开发其自然资产。本文考察了为外部投资准备土地所做的工作。它提供了一个在金融部门之外进行的新兴资产化过程的例子，由似乎超出股东价值领域的社会结果驱动。奇怪的是，个人，从事这些资产的决策过程可能会反对直接融资与金融化一个相关的社区发展撤出的发展，但他们却留下了几个选项，但通过寻求民间金融本身进一步这些努力-促进金融化的发展。结构效应和地方机构的这种相互作用使金融化的叙述变得复杂，因为它们通常被呈现出来，并且对澳大利亚北部的土著经济发展具有重要意义。