Ballyfarnon is situated right on the County Sligo border and about 5 miles north of the Lough Key Forest Park. From the village one can visit the now idle coal mines of Arigna, and see the three sweat-houses in the area. Ballyfarnon's history as a village can be traced back to the 18th century and its growth developed around the old iron foundry and mills. At one stage there were two mills in the village.
Ballyfarnon is a thriving little village with steel works, remould plant, and several small businesses
. While Ballyfarnon village grows the adjoining towlands are declining in population
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