Hyperopia (i.e farsightedness) is much less common than myopia or emmetropia. It is typically in the +1.00 to +4.00 diopter range, rarely it can be as high as +8.00 diopters.
Correction of hyperopia requires a lens which is convex (i.e. thicker in the middle than the edges). This acts as a magnifier and causes objects to appear larger by about 2% per diopter. This is why hyperopes wearing spectacles appear to have "big" eyes. Optical abberations and decreased peripheral vision occur with large amounts of hyperopia.
Contact lenses reduce the optical problems associated with spectacle lenses, but they have their own unique problems including the need for cumbersome care solutions, corneal warpage, corneal hypoxia (lack of oxygen), corneal infections, and eyelid allergies. Some people lose their ability to wear contact lenses - particularly those who have dry or sensitive eyes. It is typical for contact lens intolerance to occur at about the age of 40.
Hyperopia has proven to be more difficult to treat surgically than myopia. Diamond cuts into the cornea, similar to those of RK but in a hexagonal pattern, have led to unpredictable results and an unacceptably high complication rate. Early attempts to correct hyperopia by using the excimer laser to reshape the surface of the cornea have been disappointing; however, new software and the introduction of LASIK holds promise.