Latifundium

A latifundium is a very extensive parcel of privately owned land. The latifundia (Latin: lātus, "spacious" + fundus, "farm, estate") of Roman history were great landed estates specializing in agriculture destined for export: grain, olive oil, or wine. They were characteristic of Magna Graecia and Sicily, Egypt, the Greater Maghreb and Hispania Baetica. The latifundia were the closest approximation to industrialized agriculture in Antiquity, and their economics depended upon slavery.

During the modern colonial period, the European monarchies often rewarded services with extensive land grants in their empires. The forced recruitment of local laborers allowed by colonial law made these land grants particularly lucrative for their owners. These grants, fazendas (in Portuguese) or haciendas (in Spanish), were also borrowed as loanwords, Portuguese latifúndios and Spanish latifundios or simply fundos.

Agrarian reforms aimed at ending the dominance of the latifundia system are still a popular goal of several national governments around the world.

The basis of the latifundia in Spain and Sicily was the ager publicus that fell to the dispensation of the state through Rome's policy of war in the 1st century BC and the 1st century AD. As much as a third of the arable land of a new province was taken for agri publici and then divided up with at least the fiction of a competitive auction for leaseholdings rather than outright ownership. Later in the Empire, as leases were inherited, ownership of the former common lands became established by tradition, and the leases became taxable.

The first latifundia were accumulated from the spoils of war, confiscated from conquered peoples beginning in the early 2nd century BC. The prototypical latifundia were the Roman estates in Magna Graecia (the south of Italy) and in Sicily, which distressed Pliny the Elder (died AD 79) as he travelled, seeing only slaves working the land, not the sturdy Roman farmers who had been the backbone of the Republic's army. Latifundia expanded with conquest, to the Roman provinces of the Maghreb and in Hispania Baetica, the south of Spain.

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