A farm business tenancy is a type of lease agreement specifically designed for agricultural land. It allows farmers to rent land for farming purposes, providing them with security and flexibility to manage their operations. These tenancies can last for a minimum of one year and can be renewed, giving farmers stability in their business planning. Under a farm business tenancy, both the landlord and tenant have specific rights and responsibilities. The tenant is typically responsible for maintaining the land and paying rent, while the landlord must ensure the land is suitable for farming. This arrangement helps support the agricultural sector by promoting efficient land use.