Board of Directors

Terry D. Milligan

Director and Chairman of the Board

Mr. Milligan owns and operates a beef cattle operation and hay production operation in Van Zandt County and Bryan and Atoka counties in Oklahoma, and he operates Milligan & Company Fire Ant Control. In 2015, he retired from USDA after 34 years of service. Mr. Milligan holds an associate’s degree in farm and ranch management from Murray State College in Tishomingo, Oklahoma. Mr. Milligan has served as chairman of the board since 2016. He had previously served as vice chairman of the board and executive session secretary, and he is the association’s representative on the Farm Credit Bank of Texas Stockholder Advisory Council. He has served as stockholder-elected director since his election in 2010.

John Shinn

Outside Director and Chairman of the Audit Committee

Mr. Shinn resides in Ben Wheeler, Texas. He holds a BBA in accounting, has been a Certified Public Accountant since 1984 and owns and operates a private CPA practice in Van Zandt County, Texas. He previously served as Van Zandt County Auditor, and he serves as a member of the Van Zandt County Child Welfare Board and the Van Zandt County Wildlife and Nature Resources Committee. Mr. Shinn has served as an outside or board-appointed director since 2016.

Cody Newman


Mr. Newman is president and co-owner in a family business, the Newman Corporation, which manages investments and operational activities in oil and gas production and real estate development, located in Harrison County. He serves as a board member of NH, Inc./Newman Ranches, a family business which operates ranches, purchases and sells livestock, and manages timber production in Harrison and Marion counties. Additionally, Mr. Newman serves on the board of the Upshur Rural Electric Cooperative Corporation and previously served as a school board member for Harleton ISD. Mr. Newman holds a B.S. in agriculture and business from Texas A&M Commerce. He served as director at large for the association from 2000 until he was elected director by the stockholders in 2008. He was elected board vice chairman in 2010 and served in that position until 2015. Additionally, he has served as audit committee vice chairman and chairman of the compensation committee.

Brandon Sides

Director and Chairman of the Compensation Committee

Mr. Sides resides in Canton, Texas, where he is co-owner and operator of Sides Pea Farm & Processing Facility. He serves on the Dallas School District Farm to School Steering Committee. Mr. Sides holds a political science degree with a minor in business and Spanish from the University of Texas, and he completed one year of the law degree/MBA at Golden State College in San Francisco. He was appointed as director in February 2017 and was elected by the stockholders in September 2017 to a three-year term.

David R. (Randy) Reeves


Mr. Reeves resides in Marshall, Texas. He has served as a County Extension Agent – Agriculture for over 30 years, serving in Harrison, Hardin, Upshur and Gregg counties. He has a BS in agricultural economics and an MS in General Agriculture, both from Tarleton State University in Stephenville, Texas. Mr. Reeves coordinates the Annual East Texas Turfgrass Conference held each February at the Overton Research and Extension Center, and he writes a weekly news article and horticulture blog for the Longview News Journal as well as a monthly producer newsletter for the Oil Belt Farm & Ranch Club. Mr. Reeves currently serves as a school board member for the Texas Early College High School in Marshall, Texas, and Panola Charter School in Carthage, Texas. Mr. Reeves was elected as director in September 2017.

William (Bill) Melton

Outside Director and Chairman of the Compliance Committee

Mr. Melton resides in Columbia, South Carolina. He has worked for Farm Credit in various capacities for 41 years, most recently serving as CEO of Cape Fear Farm Credit in Fayetteville, NC. Until his retirement in June 2013, Mr. Melton served as Senior Vice President and Chief Lending Officer at AgFirst Farm Credit Bank. Prior to joining AgFirst in 1987, Bill was employed for 12 years with three Farm Credit associations located in North Carolina and Georgia and served in roles of increasing responsibility, including four years as CEO. He completed a three-year certificate program at the Graduate School of Banking of the South at LSU and received a B.S. degree in agricultural economics from North Carolina State University. He served two years on active duty with the U.S. Army, one year in the Army Reserve, and six years with the NC Air National Guard. He served as a board member on the National Chicken Council and the NC Southeast Partnership. Mr. Melton was a member of Fannie Mae’s Affordable Housing Advisory Council and a member of USDA’s Strikeforce Initiative for Economic Growth and Opportunity Advisory Committee for North Carolina. Mr. Melton was appointed as an outside or board-appointed director in February, 2017.

Danny Evans


Mr. Evans was raised in the Sulphur Springs, Texas area in Hopkins County where he currently resides. He obtained a BS degree in Agricultural Education from East Texas State University where he also earned a Master’s Degree in Agriculture. He was a high school agriculture teacher for two years before operating a dairy farm for 33 years. He discontinued his dairy operation in 2009, and he currently serves as a County Commissioner for Hopkins County which has been his principal occupation for the past five years. His current ranch operation consists of a beef cattle cow-calf herd and hay production. He serves on the board of the Hopkins/Rains County Farm Bureau (agricultural federation) and the Region D Water Planning Group (regional water service). He previously served on several agricultural commodity and farmer cooperative boards.

Louis Cernoch, Jr.


Mr. Cernoch was raised in the Terrell, Texas area and currently resides in the Poetry, Texas area in Kaufman County. He attended Texas A&M University and graduated from East Texas State University with a B.S. degree in Agriculture. He owned and operated a successful framing and carpentry business for 45 years. He currently owns and operates a cow-calf and yearling ranch operation with locations in several Texas counties. Ranching has been his principal occupation for the past five years. Mr. Cernoch is member of Emanuel Baptist Church, Texas Baptist Men, and Labor for Your Neighbor.


Elected by the member-borrowers, Legacy Ag Credit is governed by a Board of Directors that is responsible for the overall health of the Cooperative. Board members typically serve three-year terms, and each year, stockholders have the opportunity to vote in a director election. Legacy Ag Credit wants strong representation on this board, and to that end, the Association encourages each stockholder to get involved in director elections. It is, therefore, very important that you exercise your stockholder right to vote.

Moreover, we also hope you will consider whether you have skills and experience that would be an asset to the Association and Board of Directors. If you believe that you would like to help shape the policies that establish the long-term, strategic direction of the Association, please consider running in the next Board election.

Download the Eligibility Requirements and Application