FARM OUT

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 for a term. 3. To exhaust farmland, esp. by continuously raising a single crop.[Blacks Law 8th]