The Walkerton Agricultural Society was formed in 1854. 2024 will be the 170th year. Many changes over the years have shaped how the fair has been held. After the Great War a new arena was built known as the Confederation Arena, where the legion is located. After outgrowing that site, the arena was moved to its present site and was known as the Memorial Arena. To provide more space for the fair, another building (#2) was moved beside the arena and a cement floor was added to be used as the Walkerton Curling Club. In the 1970's Walkerton built a new arena and the Agricultural Society assumed ownership of the old arena which became known as the Horse Palace. A new #2 building was build with community support in 1989 following an arson attack. Many renovations have been made to the Horse Palace to use it for the Fall Fair and other community events such as ice surface, Agricultural events and social activities.