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Simple English definitions for legal terms
farm out
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A quick definition of farm out:
Term: FARM OUT
Definition: Farm out means to give something to someone else to do. This could be giving a job or task to another person or company. It can also mean to rent land to someone for a certain amount of time. In the past, it was used to describe the practice of letting someone else collect taxes for a fee. It can also refer to the harmful practice of using the same land to grow the same crop over and over again, which can damage the soil and make it less productive.
A more thorough explanation:
Definition: Farm out is a verb that has multiple meanings:
- To transfer the responsibility of something to another person or company to complete.
- To lease land for a specific period of time.
- To deplete the fertility of farmland by continuously growing the same crop.
Examples:
- 1. The company decided to farm out the production of their new product to a manufacturer in China.
- 2. The farmer decided to farm out a portion of his land to a neighboring farmer for grazing his cattle.
- 3. The farmer realized that he had farmed out his land by continuously growing wheat for several years, and the soil had lost its fertility.
The first example illustrates the first meaning of the term, where a company transfers the responsibility of producing a product to another company. The second example illustrates the second meaning of the term, where a farmer leases his land to another farmer for a specific purpose. The third example illustrates the third meaning of the term, where a farmer depletes the fertility of his land by continuously growing the same crop.