When Farrer died suddenly in 1906 a committee was created to raise funds needed to establish a Memorial Trust.
On 16 October 1911, the Trust received the funds with a set of instructions, enabling it to provide research grants and scholarships to further agricultural science in Australia.
[1][2] In 1935, Frank Gallagher formed a committee to create the Farrer Memorial Oration, to be given by a person with an agricultural background.
The first oration was by Tasmanian farmer and Australian Prime Minister Joseph Lyons at the Star Theatre, Queanbeyan on 3 April 1936, the birthday of William Farrer.
At the end of the oration children from the Queanbeyan Intermediate High School presented Lyons with a silver medallion, which is now on display at Adolph Basser Library, Canberra.