The Florence Lumber Company was established in 1912 and closed in 2006.

During World War I, wagons built at the Florence Wagon Works were shipped to France for use by the U.S. Army.  Production continued until the 1930s.

William F. McFarland began the practice of diversified farming in the first decades of the new century by growing 11 acres of Irish potatoes, 25 acres in sweet potatoes, 85 acres in corn, 10 acres in strawberries, 33 acres in asparagus, and 20 acres in a second crop of Irish potatoes.

An agricultural  report summary with crop statistics published in 1925 showed production of grain crops, corn, oats, wheat, alfalfa, soy beans and cowpeas, potatoes, Lespedeza and other crops such as asparagus, strawberries, peanuts, watermelons, cantaloupes, and others.

Timber, Livestock and Poultry production continued to grow due to the fact that the area was densely forested, both virgin and second growth.