Putin signs Russian homesteading act

On Monday Russia’s president Vladimir Putin signed a new law that is a variation of the American homesteading acts that helped settle the west in the 1800s.

Trutnev’s initial suggestion was to “create a mechanism for the free allocation of a 1 hectare (2.5 acres) plot of land to every resident of the Far East and to anyone who is willing to come and live in the region so that they could start a private business in farming, forestry, game hunting or some other enterprise.” He added that the agreement could be signed for five years, and then it should either enter full force if the new landlord follows the plan, or be declared void if the land is not used.

They might be doing it wrong in aerospace, but if this story is correct Putin’s government has got it right when it comes to land ownership.