Peanut Farmer Share definition Flag A term used for gay men who are attracted to men with small testicles. sort of a gay equivalent of chubby chaser. Jerry is trying to get with that old guy. nah man its cool, hes a peanut farmer so hes into it. Peanut Farmer by swiz747 June 1, 2012 0 0 Get merch Get the Peanut Farmer mug. Buy Now — $32.95 See more merch