Importance of land tenure, secure property rights

In the world today only 18% of all agricultural land is privately owned under freehold title. Yet this small area produces over 80% of all world food and other agricultural products.

In the former Soviet Union where all agricultural land was State-owned and organised into large State-controlled farms — with 3% of the land allocated to family plots — in urban and peri-urban areas, and this tiny area produced 70% of all the food needs of the people.

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