Latifundio–minifundio land tenure structure
The land tenure structure of Latin America is called as the 'Latifundio–minifundio' land tenure structure. This dualistic tenure system is characterized by relatively few large commercial estates known as latifundios, which are over 500 hectares and numerous small properties known as minifundios, which are under 5 hectares. Minifundios are mainly subsistence-oriented smallholdings and are generally farmed by peasant households. [1]. Latifundios relied mainly on peonage, which is a form of unfree labour or wage labor in which a laborer (peon) has little control over employment conditions, with features of feudal serfdom.[2]
References
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.