This article addresses the question of migrant workers’ exploitation from a feminist political economy and critical race perspective. Overall, my analysis promotes a reinterpretation of workers’ exploitation beyond a narrow focus on labour and production, and towards a consideration of the active social differentiation and reproduction of the work force. Based on my analysis of Black African workers’ conditions in the Italian ‘tomato district’ of Northern Puglia and Basilicata, I argue that recent anti-gangmastering reforms have recalibrated existing tensions between formalizing and informalizing workers’ conditions, tensions that serve the double end of ensuring capital accumulation in agri-food production, while forcing racialized workers to take care of their social reproduction. Formalization, I argue, tends to drive a wedge between ‘productive labour’ and unpaid, ‘unproductive’ work, thus removing responsibility away from firms and state agencies to provide much-needed workers’ welfare. Informalization, I argue, represents a particular racializing dynamic of externalizing the cost of social reproduction to the workers and their extended social networks, who, in this manner, indirectly subsidize parallel circuits of accumulation.