Richloam was part of a large landholding assembled by John Schroder of the Schroder Land and Timber Company in Hernando and Pasco counties. Around 1916, the company built a clubhouse there that served as its headquarters and as the home of foreman Lucius Sidney “Sid” Brinson. The company used much of its land for logging and turpentine production, while selling other portions to prospective farmers, bringing buyers in by a train nicknamed “The Goat” and using a demonstration farm at the clubhouse to showcase local crops. In 1926, the Richloam Land Company bought the clubhouse and most of the surrounding land, seeking to profit from the Florida Land Boom by selling lots to new farmers, but with limited success. In 1936, under the U.S. Land Resettlement Program, the federal government acquired Richloam land from the Schroder Land and Timber Company, the Richloam Land Company, and other private owners, despite resistance from some landowners. The Works Progress Administration then began replanting previously clear-cut pine trees, and in 1954 the State of Florida purchased the Richloam land and made it part of the Withlacoochee State Forest.