 Located in fertile valley between Sierra de Famatina and Sierra de Velasco Famatina's economy revolve around jojoba and olive agriculture and tourism.The town developed from a pre-Hispanic settlement in the Inca Empire, and whose indigenous inhabitants have been recognised as Diaguitas.The site of Famatina was first explored by Spaniards in 1592 when Juan Ramírez de Velazco arrived during his search for gold.