Source : Webster's Revised Unabridged Dictionary (1913)

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).

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

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 : WordNet®

farm
     n : workplace consisting of farm buildings and cultivated land
         as a unit; "it takes several people to work the farm"

farm
     v 1: be a farmer; work as a farmer; "My son is farming in
          California"
     2: collect fees or profits
     3: cultivate by growing, often involving improvements by means
        of agricultural techniques; "The Bordeaux region produces
        great red wines"; "They produce good ham in Parma"; "We
        grow wheat here"; "We raise hogs here" [syn: {grow}, {raise},
         {produce}]

Source : Free On-Line Dictionary of Computing

farm
     
        {processor farm}