At that time, Senator André de Freitas had unsuccessfully attempted to promote the village to civil parish status.

On 10 November 1959, Bishop D. Manuel Afonso de Carvalho established Fazenda as a parochial church congregation with all the rights under Canonical Law.

Fazenda has been characterized for its fertile soils, and the local population is primarily involved In agriculture and animal husbandry associated with the dairy industry.

In 1968, the cooperative adapted new technologies and processes to produce a variant on the São Jorge cheese, while reducing the production of its local butter (At its only factory In Ribeirinha).

Later, In order to secure a greater portion of the export market, along with other branches on the island, the cooperative formed the União de Cooperativas da Ilha das Flores.