They built up their farming business, being recognized in the 1950s as having the largest milking dairy herd in Erie County.
In the 1960s, the Gernatt's transitioned their dairy farming business to one of breeding and racing Standardbred horses with the purchase of Lieutenant Gray.
[12][13] During a golfing vacation to Pinehurst, North Carolina in 1962, Daniel R. Gernatt, Sr. bought a half-interest in Lieutenant Gray for $2,750.
[14] In 1984, the Gernatt's horse business included "250 mares, stallions, young stock and race horses; a training facility on Mile Strip Road in the Town of Brant; a broodmare barn in North Collins; a second farm in the town of Dayton;" and stallion barns in Collins.
[10] In a 1984 Buffalo News article written by Harlan C. Abbey, Daniel R. Gernatt, Sr. is quoted, stating about his horse breeding interests: In the New York Sires Stakes circuit, the Gernatt's broodmare herd produced champions such as Gallo Blue Chip, with $4.2 million in total winnings;[15] Bye Tsem (formerly known as Holden S. Collins)[9][14] ($515,194), Vernon Blue Chip ($542,816), and Roz T. Collins[16] ($410,653) were the top trotters.
[17] The same year, he also won the Breeder's Crown Three-Year-Old Colt and Gelding Pace at Mohawk Racetrack in 1:51.1.
[10][20][21] At the Yonkers Raceway in 1999, the Dan Gernatt Farms Pace for three-year-old fillies was held on the 10th annual New York Night of Champions.
[23] An easygoing horse with a gentle nature, Sir Taurus turned 30 in 2014 and remains at Blue Chip Farms, now retired, providing school children and scouts with opportunities to visit him.
[23] Of all offspring of Sir Taurus (with Amanda T. Collins, a daughter of Texas), Red Hot Blue Chip sold for the most money at $52,000 in 1999.
[8][10][21][29] The races were to benefit those horses sired by Elitist when he was held as stud by Dan Gernatt Farms.
[34] It was ranked 43rd in North America in 1996 by the United States Trotting Association, being identified with receiving $758,010 in winnings from horse races.