What is governance? There are different definitions, but it can be conceived as the way that authority is exercised. Governance is networked, globalised, territorialised and differentiated. Governance has different objectives for different actors and actor networks. While it is a contested concept, globally governance is becoming increasingly financialised, and in some cases this includes land governance.
In Europe, land speculation and land concentration are an increasing threat to small and medium sized family farms and new entrants. Soaring land prices make it increasingly difficult for farmers to have access to land. In the meantime, investors are buying up enormous pieces of land, sometimes using legal loopholes. Land is increasingly becoming a globally tradable commodity and an object of financial speculation. Examples such as Scotland and Andalusia, where arable land, pastures and forests are highly concentrated since centuries, show the negative effects for sustainable rural development and societies as a whole.