Current Projects
Covington Dairy
In the fall of 2004, Synergy embarked on its first large-scale project, acquiring a dairy in Covington, NY. This project fit the 'turnaround' category, as it was a dairy that had tremendous facilities and resources, but needed additional capital and cattle to generate profitable production. Currently this site comprises 1,850 cows on 750 acres. Synergy also raises all of its own baby calves at this site.
Plato Brook Dairy
In partnership with McCormick Farms, a large potato and dairy farm, Synergy milks approximately 400 cows at the former Plato Brook farm in Arcade, NY.
Synergy Biogas
Synergy Biogas, LLC has built and is operating a Bigadan co-digester next to the Synergy Covington site. The project is utilizing cow manure from the dairy along with food waste from local processing plants to produce biogas that powers a 1.4 mW generator. For more information on the project, please visit: CH4 Biogas
Future Synergy projects
Future Synergy dairy production projects will likely fall into one of three categories:
1. New Milk
- Build new facilities on land base of a converting crop farmer(s).
- Expand facilities of an existing smaller dairy farm(s).
- Rent facilities from a current or transitioning dairy farmer(s).
2. Succession/Transition
- Acquire viable working dairies from owners that need an exit strategy.
- Viable alternative to cash sale
- Structure that provides liquidity and risk reduction for those at retirement age.
- Provide needed capital to expand a smaller dairy on good land base
3. Turnarounds
- Acquire distressed dairies (that have viable resources) from overextended borrowers.
- Provide capital needed to complete expansion to optimal size, and maintain profitable production
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