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farvand (fahr-v<<schwa>>nd).Hist. Maritime law. Voyage or passage by water under a charterparty.[Blacks Law 8th]

farthing of land (fahr-thing).Hist. An area of land measured as one-quarter of a larger area (much as a farthing was one-quarter of a penny). • A farthing of land ranged from a quarter of a hide to a quarter of an acre.[Blacks Law 8th]

Farm Service Agency.An agency in the U.S. Department of Agriculture responsible for administering farm-commodity, crop-insurance, and resource-conservation programs for farmers and ranchers and for making or guaranteeing farm emergency and operating loans through a network of state and county offices. — Abbr. FSA.[Blacks Law 8th]

farm products.Crops, livestock, and supplies used or produced in farming or products of crops or livestock in their unmanufactured states, if they are in the possession of a debtor engaged in farming. UCC § 9-102(a)(34). Cf. growing crops under CROPS. [Cases: Secured Transactions C.J.S. Secured Transactions § 16.][Blacks Law 8th]

farmoutor (fahrm-ow-tor or -t<<schwa>>r). An oil-and-gas lessee who assigns the lease to another, who agrees to drill a well. — Also spelled farmouter. — Also termed farmor; farminor. [Cases: Mines and Minerals 74(8).C.J.S. Mines and Minerals §§ 318–319.][Blacks Law 8th]

farmoutee (fahrm-ow-tee). An oil-and-gas sublessee to whom the lease is assigned for purposes of drilling a well. — Also termed farmee; farminee. [Cases: Mines and Minerals 74(8). C.J.S. Mines and Minerals §§ 318–319.][Blacks Law 8th]

farmout agreement.Oil & gas. An agreement by which one who owns an oil-and-gas lease (the farmoutor or farmor) agrees to assign to another (the farmoutee or farmee) an interest in the lease in return for drilling and testing operations on the lease. • For the farmor, the agreement either (1) maintains the lease by securing…

farm out,vb. 1. To turn over something (such as an oil-and-gas lease) for performance by another. • The term evolved from the Roman practice of transferring the right to collect taxes to a third party for a fee. It was later practiced in England, Scotland, and France but has been long abolished. 2.Hist. To lease…

farmor. See FARMOUTOR.[Blacks Law 8th]

farm let,vb. Hist. To lease; to let land for rent. • To farm let is a phrasal verb that commonly appeared in real-property leases; it corresponds with its Latin root, ad firmam tradidi. “A lease is properly a conveyance of any lands or tenements, (usually in consideration of rent or other annual recompense) made for…