Entry 1 sense Webster, 1913 Farmstead /fär'-mstĕdˌ/ · Farm·stead · IPA /fˈɑrmstˌɛd/ 01 n. A farm with the building upon it; a homestead on a farm. 1. A farm with the building upon it; a homestead on a farm. “With its pleasant groves and farmsteads.” — Carlyle.