The moral economy of land markets in the Nicaragua highlands

This article explores how small‐scale farmers' shared moral understandings of land shape both land sales and land rental markets, in the context of the commoditization of agriculture in Nicaragua. The results here presented are based on ethnographic fieldwork conducted in a subsistence farming community in the highlands of Nicaragua. This research shows that even in relatively commoditized market economies, shared yet contested ideas around the ethics of a community moral economy stall and constrain the local marketization of land. Social relationships, ideas of a sacred origin of land, and expectations about the duties of landholders toward their community peers undermine the capitalist dynamics of supply and demand. This ethical challenge to capitalist market expansion into land markets enables the survival of small‐scale subsistence farming. These findings are important, as they show how land markets are shaped by differing perspectives on historical dynamics of land tenure, class differentiation, and the everyday moral economies in which competing ideas of obligation, solidarity, and fair prices are articulated.