The town of Florien held the first Free State Festival in November 1981. The festival has a treasure hunt for Midkiff's treasure, which could be located in the town, or up to 10 miles from the town. Clues are given every day to help locate the missing treasure; a savings bond is the prize. The town has a syrup mill in the center of square. Syrup is made from sugar cane and sold during the festival. There are several old buildings that have been donated to the town, and a saloon used for the shoot-outs. During the shoot-out, the participants are dressed for the period, and Hiriam Midkiff always shows up. Needless to say, the sheriff takes him down. Everyone has fun, and enjoys the street dance and firework show, which signifies the end of the festival.
This festival went on hiatus in 2020.