The Emerging Contours of the Third Food Regime: Evidence from Australian Dairy and Wheat Sectors

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Abstract
Recent restructuring of the Australian dairy and wheat sectors can inform current theoretical debates on the significance of agri‐food globalization. A key issue in recent debates is whether current processes lead toward a so‐called “third food regime,” wherein strategies for profit capture are built around internationally coordinated flows of production, commodities, and money capital. The study outlined here suggests that there may be ongoing roles for local, farmer‐owned marketing cooperatives within current globalization processes. An agenda is presented for further research into agri‐food restructuring and globalization.