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1.
A baby farmer is a woman who keeps having/adopting children in excess with the sole purpose of collecting more money from the government and/or entitlement checks.
"Did you hear about that baby farmer in Florida?"

"Yeah, I heard she was growing them in dog cages and shit!"
by DubDniK August 10, 2007
 
2.
a whore, any of many prominiscuous women.
or
a woman with many children.
Wow! that girl is such a baby-farmer!

Angelina Jolie is a baby-farmer
by shayna burns March 21, 2008