Floydada is located on the Fort Worth and Denver Railway northeast of Lubbock on US 62/70 and Hwy 207, and is the seat of Floyd County.
When a post office was opened in 1890, the town's name was changed from Floyd City to Floydada to prevent confusion with Floyd in Hunt County. Some claim the new name was meant to be Floydalia and was garbled in transmission to Washington, D.C.; others say it was a combination of the county name and that of donor James Price's mother, Ada; still another version is that it was named for Caroline Price's parents, Floyd and Ada.
Much of Floydada's commerce derives from cotton, wheat, vegetables, soybeans, corn, and sunflowers, as well as livestock. Industries include the manufacture of race-cars, sheet metal goods, and oilfield equipment.
The population was 4,193 in 1980 and 3,896 in 1990.