Kincardine O'Neil became a burgh of barony. This was done to encourage trade.
King James V used to travel incognito disguised as the Guidman (farmer) of Ballingeich through his kingdom in order to study the conditions of his subjects. He came in this guise to Kincardine O'Neil and stopped at a nearby croft tenanted by a family called Cochran. They made James feel so welcome that he granted Cochran the croft land and thus the name Cochran's Croft. A cottage of that name exists in the hamlet of Cochran which is the part of Kincardine O'Neil that lies to the east of the Neil Burn.