Genesis 47:13-27

Now there was no food anywhere, for the famine was very severe. Both the land of Egypt and the land of Canaan languished because of the famine. And the people of Egypt and Canaan spent all their money to buy grain. Joseph gathered all the money from the sale of grain and deposited the wealth into Pharaoh’s treasury. When the money ran out in Egypt and Canaan, all the Egyptians came to Joseph and pleaded with him, “All our money is gone; give us food! Why would you let us die in front of your eyes?” Joseph answered, “If your money is gone, then give me your livestock. I will give you food in exchange for your livestock.” So in that year, they brought their livestock to Joseph—their horses, sheep, cattle, and donkeys—and he supplied them with food in exchange for their livestock. The next year, they came to him and said, “Master, it’s no secret to you that we are broke. All our silver and livestock are now yours. We have nothing left but ourselves and our lands. Why would you let us die in front of your eyes, leaving all our lands uninhabited? Buy us and our lands in exchange for food. We’ll become Pharaoh’s slaves and give up our land. Only give us seed so that we may live and not die and so that the land will not become a desert.” So Joseph gained possession of all the farmland in Egypt for Pharaoh. Every Egyptian sold his land in exchange for food, for the famine was that severe. Eventually, the Egyptians had transferred all the land to Pharaoh. Everyone became a slave to Pharaoh, from one end of Egypt to the other. However, he did not take over the land of the priests, for they received royal subsidies from Pharaoh. They lived on the food he provided for them, and that is why they did not have to sell their land. Joseph said to the people, “Today I have acquired for Pharaoh you and all your land. Here is seed for you to sow in the land. But when harvest comes, you must pay one-fifth to Pharaoh, and you may keep the rest for planting your fields and for food for yourselves and your families to nourish your household and your little ones.” “You have saved our lives!” they said. “May we find your favor, our lord, and we will be slaves to Pharaoh.” Thus, Joseph established the law of the land in Egypt, which is still in effect, “A fifth will go to Pharaoh.” Only the land of the priests did not become Pharaoh’s. Israel and his descendants settled in Egypt in the land of Goshen. They had many children and multiplied, and they acquired property.