Board of Directors

Terry D. Milligan

Director, Chairman of the Board and Member of the Audit Committee

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 and nominating committee. He has served as stockholder-elected director since his election in 2010.

Brandon Sides

Director, Vice Chairman of the Board and Chairman of the Compensation Committee

Mr. Sides resides in Canton, Texas, where he is 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 and a minor in Business and Spanish from the University of Texas. He was appointed as a stockholder-elected director in February, 2017 to fill an unexpired term and was subsequently elected to a three-year term in 2017.

Cody Newman

Director and Vice Chairman of the Audit Committee

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 East Texas State University. 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.

Louis Cernoch, Jr.

Director and Member of the Compensation Committee

Mr. Cernoch resides in Poetry, Texas, and owns and operates a cow-calf and yearling ranch operation with locations in several Texas counties. He graduated from East Texas State University with a B.S. degree in Agriculture. Mr. Cernoch is member of Emanuel Baptist Church, Texas Baptist Men, and Labor for Your Neighbor. Mr. Cernoch has served as a stockholder-elected director since his election in 2018.

Danny Evans

Director and Member of the Compensation Committee

Mr. Evans resides near Sulphur Springs, Texas, where he owns and operates a beef cattle operation and hay production operation. He holds 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 served as a County Commissioner for Hopkins County for 16 years. He currently serves on the board of the Hopkins/Rains County Farm Bureau (agricultural federation) and has previously served on the Region D Water Planning Group (regional water service) and on several agricultural commodity and farmer cooperative boards. Mr. Evans has served as stockholder-elected director since his election in 2018.

Cheryl Scott

Director and Member of the Audit Committee

Mrs. Scott resides in the Miller Grove community in Hopkins County, Texas, and is a Certified Public Accountant who is an accounting instructor at Texas A&M University-Commerce. She earned a B.S. degree in Professional Accountancy and a Masters of Business Administration degree from Texas A&M University-Commerce. Mrs. Scott previously served as the Director of Financial Reporting and the Director of Emerging Financial Services at the university. She has also served as Business Manager for the NCAA Lone Star Conference. Mrs. Scott was selected as an outside or board-appointed director in September 2019.

Clayton “Clay” S. Smith


Mr. Smith is a contract poultry grower for Sanderson Farms, and he performs safety and risk management consulting work for several public firms. He currently serves as President of Circle S Farms, LLC and operates six broiler houses capable of producing approximately 1.2 million birds each year. He was born in Dallas, Texas and currently resides in the Mineola, Texas area in Wood County. Mr. Smith is a fifth-generation farmer who grew up on a farm that produced sweet potatoes and watermelons. He graduated from Quitman High School and received a BA degree in Business Administration/Management from Texas A & M University at Commerce. Mr. Smith was elected to the board in 2020.


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