Genesis 47:13-22

The time eventually came when there was no food anywhere. The famine was very bad. Egypt and Canaan alike were devastated by the famine. Joseph collected all the money that was to be found in Egypt and Canaan to pay for the distribution of food. He banked the money in Pharaoh’s palace. When the money from Egypt and Canaan had run out, the Egyptians came to Joseph. “Food! Give us food! Are you going to watch us die right in front of you? The money is all gone.” Joseph said, “Bring your livestock. I’ll trade you food for livestock since your money’s run out.” So they brought Joseph their livestock. He traded them food for their horses, sheep, cattle, and donkeys. He got them through that year in exchange for all their livestock. When that year was over, the next year rolled around and they were back, saying, “Master, it’s no secret to you that we’re broke: our money’s gone and we’ve traded you all our livestock. We’ve nothing left to barter with but our bodies and our farms. What use are our bodies and our land if we stand here and starve to death right in front of you? Trade us food for our bodies and our land. We’ll be slaves to Pharaoh and give up our land—all we ask is seed for survival, just enough to live on and keep the farms alive.” So Joseph bought up all the farms in Egypt for Pharaoh. Every Egyptian sold his land—the famine was that bad. That’s how Pharaoh ended up owning all the land and the people ended up slaves; Joseph reduced the people to slavery from one end of Egypt to the other. Joseph made an exception for the priests. He didn’t buy their land because they received a fixed salary from Pharaoh and were able to live off of that salary. So they didn’t need to sell their land.