Webster's Revised Unabridged Dictionary · 1913

Farm

Farm , noun

[Old English ferme rent, lease, French ferme, Late Latin firma, from Latin 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. [Obsolete]
2.
The term or tenure of a lease of land for cultivation; a leasehold. [Obsolete]
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.

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.

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)

Farm , transitive verb

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. — Shakespeare
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.
Collocations (1)
To farm let or To let to farm , to lease on rent.

Farm , intransitive verb

To engage in the business of tilling the soil; to labor as a farmer.