The builder of Milky Way Farm, Franklin C. Mars, was the founder of Mars Candies, maker of the famous Milky Way candy bar for which the estate was named. Mars and his wife, Ethel V. Mars, came to Tennessee from Chicago in 1930 to establish a southern office of Mars Candies in Nashville. Soon afterwards the Mars purchased 2,800 acres eight miles north of Pulaski along U.S. Highway 31, w they developed a breeding farm for thoroughbred race horses and ford cattle.
The farm produced prize-winning ford cattle, and Milky Way Farm's racing colors made their first appearance in 1934. In 1936 the stable was the leading turf winner in the United States. Over the next few years, horses bred and trained at the farm were among the leaders in many races. Milky Way's Galladion won the Kentucky Derby in 1940.
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