When a piece of land is leased to a farmer, the land is said to be
Answer Details
When a piece of land is leased to a farmer, it means that the farmer has been given permission to use the land for agricultural purposes for a specified period of time, usually in exchange for a rental fee. This is known as allocating the land on a rental basis. The farmer does not own the land, but has the right to use it to grow crops or raise livestock during the lease period. The landowner, on the other hand, retains the ownership of the land and is usually responsible for major maintenance and repairs. The lease agreement typically specifies the terms and conditions of the lease, including the duration of the lease, the amount of rent to be paid, and the responsibilities of the farmer and the landowner. At the end of the lease period, the land reverts back to the landowner unless a new lease agreement is negotiated.