Law Dictionary Definitions

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…

farminor. See FARMOUTOR.[Blacks Law 8th]

farming operation.Bankruptcy. A business engaged in farming, tillage of soil, dairy farming, ranching, raising of crops, poultry, or livestock, and production of poultry or livestock products in an unmanufactured state. 11 USCA § 101(21). See CHAPTER12. [Cases: Bankruptcy 2021.1.][Blacks Law 8th]

farminee. See FARMOUTEE.[Blacks Law 8th]

Farmers’ Home Administration.An agency, formerly in the U.S. Department of Agriculture, responsible for making mortgages and insuring loans to farmers and for funding rural public-works projects. • The agency was abolished in 1994, and its functions were assumed by other agencies in the Department. — Abbr. FmHA; FHA. [Cases: United States 53(7). C.J.S. United States…

farmer bankruptcy.See CHAPTER12 (2).[Blacks Law 8th]