Fair trade is typically understood as an alternative market system that aims to right historically inequitable terms of trade between the geopolitical North and South and foster more direct producer/consumer linkages. We suggest that a more expansive application of the term “fair trade” to encompass agro‐food initiatives within the North and South has considerable analytic and practical utility. We profile five such initiatives in the United States and two in Mexico. The U.S. undertakings are best understood as “proto‐” fair trade projects that frame their work principally as an effort to preserve “family farming” rather than as an exercise to achieve fairness in the marketplace. The Mexican initiatives more explicitly embrace the certification‐criteria‐labeling model of international fair trade. Both, we conclude, hold potential to harness fair trade\u27s moral charge to improve conditions for small producers and laborers in North and South experiencing most directly the negative effects of economic globalization