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Crowdfunding and the transition of the agriculture and food industry. An approach through various dimensions of proximity

Author

Listed:
  • Marc Deschamps

    (Université Marie et Louis Pasteur, CRESE, UR3190, F-25000 Besançon, France)

  • Julie Le Gallo

    (CESAER UMR1041, INRAE, Institut Agro Dijon, France)

  • Catherine Refait-Alexandre

    (Université Marie et Louis Pasteur, CRESE, UR3190, F-25000 Besançon, France)

Abstract

Drawing on data from three specialized crowdfunding platforms and on semi-structured interviews conducted with project leaders located in the French Jura Arc region, we examine the role of this financing mechanism in the transition of the agri-food system. We draw in particular on proximity theory (Torre, 2018) to show that while so-called “social” proximity (ties of family, friendship, or networks) plays a decisive role in the success of crowdfunding campaigns, geographical proximity does not appear to be a determining factor in the decision to resort to crowdfunding or in the success of these campaigns. Our exploratory study also suggests that other forms of proximity (institutional or organizational) may influence the actors’ approaches. Finally, family and friendly support remains central, whereas the effect of any “geographical neighborhood” appears much more limited.

Suggested Citation

  • Marc Deschamps & Julie Le Gallo & Catherine Refait-Alexandre, 2025. "Crowdfunding and the transition of the agriculture and food industry. An approach through various dimensions of proximity," Working Papers 2025-03-2, CRESE.
    • Handle: RePEc:crb:wpaper:2025-03-2
    as

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    References listed on IDEAS

    as
    1. Calebe de Roure & Loriana Pelizzon & Anjan Thakor, 2022. "P2P Lenders versus Banks: Cream Skimming or Bottom Fishing? [Loan officer incentives, internal rating models and default rates]," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 11(2), pages 213-262.
    2. Anna Motylska-Kuzma, 2018. "Crowdfunding and Sustainable Development," Sustainability, MDPI, vol. 10(12), pages 1-11, December.
    3. Andre Torre & Alain Rallet, 2005. "Proximity and Localization," Regional Studies, Taylor & Francis Journals, vol. 39(1), pages 47-59.
    4. Hörisch, Jacob & Tenner, Isabell, 2020. "How environmental and social orientations influence the funding success of investment-based crowdfunding: The mediating role of the number of funders and the average funding amount," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    5. Huan Tang, 2019. "Peer-to-Peer Lenders Versus Banks: Substitutes or Complements?," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 1900-1938.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    crowdfunding; transition; agri-food; proximity theory; social and geographical proximity.;
    All these keywords.

    JEL classification:

    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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