The Volkseigenes Gut (German for People-Owned Property; abbreviated VEG) was a state-owned farm in the Communist German Democratic Republic (GDR), corresponding to the Soviet Sovkhoz and the Panstwowe Gospodarstwo Rolne in the People's Republic of Poland. In contrast to the Landwirtschaftliche Produktionsgenossenschaft (LPG) or collective farm, another form of state agricultural enterprise, the VEGs were often the successors to former private farms which resulted from the land reform in the Soviet sector of Germany mandated in the Potsdam Agreement of 1945.