Conciliatory gesture, as it happens, in outside broadcast on farm (5,6)
I believe the answer is:
olive branch
'conciliatory gesture' is the definition.
(I've seen this before)
'as it happens in outside broadcast on farm' is the wordplay.
'as it happens' becomes 'live' (as in live television).
'in' is an insertion indicator.
'outside broadcast' becomes 'ob'.
'on' says to put letters next to each other.
'farm' becomes 'ranch' (ranch is a kind of farm).
'live' put inside 'ob' is 'oliveb'.
'oliveb'+'ranch'='OLIVE BRANCH'
(Other definitions for olive branch that I've seen before include "Peace gesture" , "conciliatory gesture" , "Child reading prayer book" , "that stands for peace" , "Offer of reconciliation" .)