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Latifundia are pieces of property covering tremendous areas. The latifundia (Latin: lātus, "spacious" + fundus, "farm, estate")[1] 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, of Egypt and the North African Maghreb and of Hispania Baetica in southern Spain. The latifundia were the closest approximation to industrialized agriculture in Antiquity, and their economics depended upon slave labour.

Today, latifundia are only found in Latin America and the term is often extended to describe the haciendas of colonial and post-colonial Mexico, Venezuela, Uruguay, Cuba, Chile (called latifundio or simply fundo) and Argentina. These originated under colonial law allowing forced labor recruitment and land grants for military services. In post-colonial times, ending the dominance of the latifundia system by implementing agrarian reforms became a popular goal of several governments in the region.