When a piece of land is leased to a farmer, the land is said to be

When a piece of land is leased to a farmer, the land is said to be allocated on a rental basis.

Let me explain further:

Leasing is a common agreement where the owner of a property (in this case, the land) grants someone else (the farmer) the right to use that property for a specified period. This does not involve buying the land; instead, the farmer pays a regular fee, often called rent, to the landowner.

In this arrangement, the landowner retains ownership of the land, and the agreement usually includes terms such as duration, financial compensation, and specific uses of the land. At the end of the lease, the land typically returns to the owner's control unless the lease is renewed.

Thus, leasing involves the use of the land under a rental agreement, not purchasing it, receiving it as a gift, or as a subsidy.