Conadi to eliminate elements that allowed inflating land value per hectare in purchase process

Chile's National Indigenous Development Corporation (Conadi) announced it will eliminate subjective factors from its land purchase processes. These elements had previously allowed private individuals to artificially increase the price per hectare of land being acquired.

The move aims to ensure fairer and more transparent valuations in land acquisitions intended for indigenous communities. Three specific resolutions related to land purchases, which were initially submitted to the Comptroller's Office in March, are currently still in development. However, the valuation criteria have been changed to prevent price inflation.

This reform by Conadi is intended to address concerns about the cost of land acquisition and ensure that funds are used more effectively for the benefit of indigenous peoples. The corporation's decision reflects an effort to streamline and standardize the process, making it more equitable for all parties involved.