The government of Zimbabwe said on Monday only farmers with a minimum of three years' production on newly acquired large-scale farms are eligible to apply for 99-year lease agreements.

The leases are expected to serve as sufficient collateral security for farmers who have been finding it difficult to access loans.

The government of Zimbabwe embarked on the land reform program in 2000 to settle landless people.

As of January last year, 155,000 families were settled under the commercial farming and villagization models.

Source: Xinhua