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Married to Dorothea Sophia of the Palatinate, his brother Odoardo's widow, to avoid the return of her dowry, Francesco curtailed court expenditure, enormous under his father and predecessor, Ranuccio II, while preventing the occupation of his Duchy of Parma, nominally a Papal fief, during the War of the Spanish Succession.
The taxon name farnesiana is specially named after Odoardo Farnese (1573–1626) of the notable Italian Farnese family which, after 1550, under the patronage of cardinal Alessandro Farnese, maintained some of the first private European botanical gardens in Rome, in the 16th and 17th centuries.