Stephenville is located in Erath County, Texas. It is among the best small towns in America. Agriculture is Stephenville’s leading industry and Erath County is the state’s leading milk producer. Stephenville is located about seventy miles southwest of Fort Worth. Tarleton State University, the largest non-land-grant university mainly devoted to agriculture has provided stability to the city’s economy. The city is also known as the “Cowboy Capital of the World”.