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The Collaborative International Dictionary of English v.0.48:

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. [1913 Webster] We are enforced to farm our royal realm. --Shak. [1913 Webster] 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. [1913 Webster] To farm their subjects and their duties toward these. --Burke. [1913 Webster] 3. To take at a certain rent or rate. [1913 Webster] 4. To devote (land) to agriculture; to cultivate, as land; to till, as a farm. [1913 Webster] To farm let, To let to farm, to lease on rent. [1913 Webster]