The Many Farms community began emerging in 1937 when the reservoir dam for irrigation was constructed. During this period the community had a few clusters of homes, a one-room general store, and a one-room schoolhouse. Many Farms Lake is one of the largest lakes within the Navajo Nation; it contains over 25,000-acre feet of water and related canals have water carrying capacity of 2,000 acre-feet per season.
Recent development of the Many Farms Chapter has included Many Farms Boarding School campus, which consolidated the Chinle Boarding School and the Many Farms High School. This school compound, including the high school, accommodated the early stages of the Dine' College before it found its permanent home at the Tsaile, Arizona. Both the Chapter House and the preschool needed some renovation. The Chapter house needs an addition to accommodate chapter-based services. A multi-purpose center is being proposed. Many Farms is considered to be a "secondary growth center" by the Navajo Government.