Laxton is probably best known for its three field farming system which survived the Enclosures Act of 1845 and can still be seen today, although on a smaller scale than at its height.

The Laxton Estate is owned by the Crown Estate and the agricultural land and associated farm houses are leased to 14 tenant farmers. There are also 4 smallholdings in the village with strips associated.

The boundaries of the strips and roadways and the common land in the fields is maintained through the ancient manorial court, known as the Court Leet.