Farm \Farm\, n. [OE. ferme rent, lease, F. ferme, LL. firma, fr. L. firmus firm, fast, firmare to make firm or fast. See Firm, a. & n.]

1. The rent of land, -- originally paid by reservation of part of its products. [Obs.]

2. The term or tenure of a lease of land for cultivation; a leasehold. [Obs.]

It is great willfulness in landlords to make any longer farms to their tenants. --Spenser.

3. The land held under lease and by payment of rent for the purpose of cultivation.

4. Any tract of land devoted to agricultural purposes, under the management of a tenant or the owner.

Note: In English the ideas of a lease, a term, and a rent, continue to be in a great degree inseparable, even from the popular meaning of a farm, as they are entirely so from the legal sense. --Burrill.

5. A district of country leased (or farmed) out for the collection of the revenues of government.

The province was devided into twelve farms. --Burke.

6. (O. Eng. Law) A lease of the imposts on particular goods; as, the sugar farm, the silk farm.

Whereas G. H. held the farm of sugars upon a rent of 10,000 marks per annum. --State Trials (1196).

Source: Webster's Revised Unabridged Dictionary (1913)
 

Farm \Farm\, v. i. To engage in the business of tilling the soil; to labor as a farmer.

Source: Webster's Revised Unabridged Dictionary (1913)
 

Farm \Farm\, v. t. [imp. & p. p. Farmed; p. pr. & vb. n. Farming.]

1. To lease or let for an equivalent, as land for a rent; to yield the use of to proceeds.

We are enforced to farm our royal realm. --Shak.

2. To give up to another, as an estate, a business, the revenue, etc., on condition of receiving in return a percentage of what it yields; as, to farm the taxes.

To farm their subjects and their duties toward these. --Burke.

3. To take at a certain rent or rate.

4. To devote (land) to agriculture; to cultivate, as land; to till, as a farm.

To farm let, To let to farm, to lease on rent.

Source: Webster's Revised Unabridged Dictionary (1913)