The business that would become the Farmers Investment Co. (FICO) began in Ventura County, California in 1937 under the leadership of R. Keith Walden. Its first venture was a citrus nursery; from there it began growing citrus and, in the mid-1940s, diversified into the production of cereal grains, oil seed crops, cotton, sugar beets, vegetables, melons, potatoes, and alfalfa seed. In 1945 the business became known as FICO.
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