Viva la Revolution.
Updated on 23 March 2006
Venezuela's socialist government had threatened to seize farms owned by the British meat magnate Lord Vestey. Now the company decides to hand over two of them.
>>Watch the report
Venezuela's biggest meat producer - British Lord Vestey - nicknamed "Spam" by his friends - will get $4.2 million compensation after the state seized two of his cattle farms earlier this year.
That's less than half their commercial value - but Hugo Chavez' socialist land reform project is proving popular with the rural poor.
Our Washington Correspondent visited the now state-owned farm, outside the Venezuelan capital Caracas, and sends this report.
