13 The time eventually came when there was no food anywhere. The famine was very bad. Egypt and Canaan alike were devastated by the famine. 14 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. 15 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." 16 Joseph said, "Bring your livestock. I'll trade you food for livestock since your money's run out." 17 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. 18 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. 19 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." 20 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 21 and the people ended up slaves; Joseph reduced the people to slavery from one end of Egypt to the other. 22 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. 23 Joseph then announced to the people: "Here's how things stand: I've bought you and your land for Pharaoh. In exchange I'm giving you seed so you can plant the ground. 24 When the crops are harvested, you must give a fifth to Pharaoh and keep four-fifths for yourselves, for seed for yourselves and your families - you're going to be able to feed your children!" 25 They said, "You've saved our lives! Master, we're grateful and glad to be slaves to Pharaoh." 26 Joseph decreed a land law in Egypt that is still in effect, A Fifth Goes to Pharaoh. Only the priests' lands were not owned by Pharaoh.

Matthew Henry's Commentary on Genesis 47:13-26

Commentary on Genesis 47:13-26

(Read Genesis 47:13-26)

Care being taken of Jacob and his family, which mercy was especially designed by Providence in Joseph's advancement, an account is given of the saving the kingdom of Egypt from ruin. There was no bread, and the people were ready to die. See how we depend upon God's providence. All our wealth would not keep us from starving, if rain were withheld for two or three years. See how much we are at God's mercy, and let us keep ourselves always in his love. Also see how much we smart by our own want of care. If all the Egyptians had laid up corn for themselves in the seven years of plenty, they had not been in these straits; but they regarded not the warning. Silver and gold would not feed them: they must have corn. All that a man hath will he give for his life. We cannot judge this matter by modern rules. It is plain that the Egyptians regarded Joseph as a public benefactor. The whole is consistent with Joseph's character, acting between Pharaoh and his subjects, in the fear of God. The Egyptians confessed concerning Joseph, Thou hast saved our lives. What multitudes will gratefully say to Jesus, at the last day, Thou hast saved our souls from the most tremendous destruction, and in the season of uttermost distress! The Egyptians parted with all their property, and even their liberty, for the saving of their lives: can it then be too much for us to count all but loss, and part with all, at His command, and for His sake, who will both save our souls, and give us an hundredfold, even here, in this present world? Surely if saved by Christ, we shall be willing to become his servants.