BOGOTA – Colombia’s government said it reached a deal with cattle farmers to buy 3 million hectares (7.4 million acres) of land, earmarked for poor rural farmers to push agrarian reform while boosting food production and tackling poverty.
“We’ve reached total agreement, this is an historic act, the third component of the agrarian reform is beginning,” Agriculture Minister Cecilia Lopez said in a statement, adding the deal will be signed next week by President Gustavo Petro.
The cost of the purchase and how it will be financed were not disclosed.
