See our latest press releases, updates from our branch locations, stockholder election results, featured members, and patronage and earnings reports.

Annual Meeting Notice

The Annual Stockholders Meeting of Legacy Ag Credit, ACA will be held Wednesday, July 22, 2020, at 9:00 a.m. at the Association’s administrative office located at 303 Connally, Sulphur Springs, Texas 75482.

Annual Meeting Information Statement

Statement to our Borrowers and Communities About COVID-19

Members and Friends of Legacy Ag Credit,

Legacy Ag Credit is closely monitoring the spread of COVID-19 (coronavirus) and would like to take this opportunity to inform you of the steps we’re taking to keep our customers and employees safe while maintaining our commitment to providing credit services for agriculture and rural communities.  

We have a Business Continuity Plan in place that allows Legacy Ag Credit to continue operations during adverse or challenging circumstances.

We have implemented but are not limiting ourselves to the following responses:

  • Legacy Ag credit is closely following the recommendations of the Centers for Disease Control and Prevention (CDC).
  • All employees have been instructed to follow the recommendations regarding hand washing and increased hygiene awareness.
  • Any employees who are sick have been instructed to stay home.
  • Legacy Ag Credit is limiting business-related employee travel until further notice
  • Enhanced office sanitization measures are currently in place at our office locations.

For the latest information on the virus as it relates to the workplace, you can follow this link:

Be assured that you can access your accounts and services without needing to visit a branch by calling us at 866-885-3522.

Our primary concern is the health, safety, and welfare of our employees, borrowers, and local communities.  

For updates and guidance from the CDC on COVID-19 please visit

Continue to look for additional information about our response to the virus or contact us at the number above.

Derrell W. Chapman, CPA


Willing to Serve? A Message to Stockholders

Legacy Ag Credit has a Board of Directors elected by the member-stockholders; the Board governs the long-term direction and 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 is committed to providing good representation on this board, and to that end, the association encourages stockholders to get involved in director elections.  In order for you to become involved, it is very important that you exercise your stockholder right to vote.  More importantly, we hope you will consider whether you have skills and experience that would be an asset on our board.

We encourage you to consider running for the board if you would like to help set the policies that govern the day-to-day operations, review reports to assess the association’s performance and asset levels, and establish the strategic direction to keep Legacy financially strong and competitive.

Download the Eligibility Requirements and Application

Thanks again to all our stockholders for your continued involvement and support of the Association.

Legacy Ag Credit CEO Announces Senior Level Personnel Changes

Legacy Ag Credit, ACA ("Legacy") CEO Derrell Chapman today announced that current Chief Credit Officer (CCO) Al Conner has agreed to accept the position of Chief Lending Officer (CLO) for Legacy, effective October 1, 2018.

As CLO, Conner will have the primary responsibility of managing the direct loan production and capital market lending efforts of the Association. All relationship mangers, lenders, and loan administrative personnel will report directly to Conner.

"I have asked Al to seek out additional lending opportunities within our lending territory and look for ways we can better serve our 10 county territory. I am confident that with his previous lending and relationship management experience at both the association and funding bank level, Al will help Legacy continue to grow the loan portfolio with quality loans," said Chapman.

Chapman also announced that Jake Aragon has been promoted to the Chief Credit Officer (CCO) position, also effective on October 1, 2018. As CCO, Aragon will be responsible for the credit, appraisal, and loan processing areas for Legacy.

CEO Chapman stated, "I have asked Jake to continue to look for ways we can make our customer experience better through the use of technology and ways to make the loan application, approval, and appraisal processes easier and faster for our customers. With Jake’s experience here at Legacy, and his previous experience as CCO at another Farm Credit institution, I am confident that we can continue to maintain the high level of credit quality that we are currently enjoying, continue to meet customer expectations, and find ways to improve our credit delivery process."

"I believe these changes will better position Legacy to continue to meet our loan growth and customer service goals into the future," said Chapman.

Legacy Ag Credit Stockholders Participate in Farm Credit Young Leaders Program

Clay and Amber Smith of Golden, Texas, recently saw firsthand how Farm Credit uses money raised on Wall Street to support agriculture and rural communities. The Smiths, member-borrowers of Legacy Ag Credit, were among 27 agricultural producers who were selected for the 2018 Farm Credit Young Leaders Program in New York City and Washington, D.C.

Amber and Clay Smith with Stan Ray
Amber and Clay Smith, left, of Golden, Texas, attended the 2018 Farm Credit Young Leaders Program on behalf of Legacy Ag Credit. They celebrated the completion of the program in Mount Vernon, Va., with Stan Ray, right, Farm Credit Bank of Texas Chief Administrative Officer and Tenth District Farm Credit Council President.

The 13th annual program began with visits to a Wall Street brokerage firm and the Federal Farm Credit Banks Funding Corporation. There the group learned how investors’ purchase of highly rated Farm Credit notes and bonds provides steady funding that local lending cooperatives like Legacy Ag Credit put to work in rural communities. Together, Farm Credit’s customer-owned co-ops provide more than $261 billion in financing to farmers, ranchers, rural homeowners, agribusinesses and other eligible borrowers nationwide.

Next the group traveled to the nation’s capital to exchange ideas with public officials. While on Capitol Hill, the Smiths discussed policy issues with Sen. John Cornyn and congressional staff. That same day, the Senate passed its version of the farm bill, setting the stage for a compromise bill of this vital agricultural and food legislation.

At the U.S. Department of Agriculture, Rural Business–Cooperative Service Administrator Bette Brand and others talked with the group about USDA programs tailored for young ag producers.

The five-day program ended with a visit to Mount Vernon, George Washington’s innovative farming and milling operation.

“This annual program is one of the ways we support young and beginning agricultural producers,” said Stan Ray, president of the Tenth District Farm Credit Council, which hosts the Young Leaders Program. “Participants are chosen by their local lending cooperatives, and come home with a new appreciation of the role Farm Credit plays in agriculture and rural communities across the country.”

The Smiths are building their first broiler farm with poultry integrator Sanderson Farms. Clay, a fifth-generation farmer, grew up in his family’s crop and cattle operation, and is now a safety supervisor for U.S. Silica. Amber is a surgery technician with Christus Mother Frances Hospital. They enjoy farming, hunting, fishing and sports with their two sons, Carter, age 12, and Colsten, age 8.

The Tenth District Farm Credit Council is the regional member of the national Farm Credit Council, the trade association that works on behalf of Farm Credit cooperatives and their member-owners.

How to Reduce Heat Stress in Animals

Summer is a relaxing time for many people, but it might have the opposite effect on animals. All animals can be affected by extreme temperatures. East Texas is known for having sweltering summer days and Legacy Ag Credit wants to help you keep your pets and livestock as safe as possible. Here are some tips to help your animals beat the heat.

  1. Clean, cool water is key.

    "The single most important factor in preventing heat stress is providing plenty of clean, fresh water," says Dr. Thomas Lenz who is a well-known equine vet. He recommends that water for outside animals be kept in the shade if possible so it remains cool. Water is the best remedy for heat stress in every animal. The chart below gives a better idea of when animals are too hot and when they need additional help cooling off. While the chart is for dogs, it is a good estimate for all animals.

    How Hot is Too Hot chart
  2. Livestock may benefit from taller grass.

    Stephen Boyles, an extension specialist says, "Taller grass tends to be a cooler surface to maintain cattle on than pastures with shorter grass stands." Taller grasses are a better spot for animals to rest, and provide shade and cover for smaller animals. It is hard to balance keeping the grass nutritious, as well as tall enough to provide the cooler surface. Most grasses are more nutritious in the vegetative state before they flower, according to David Bade, a research extension specialist, which is why it is best to mow pastures down. But Mr. Bade says in the summer it is more beneficial to let the grasses grow a little taller to keep the animal’s appetite up and keep them cooler.

    Landscape with shade trees and water
  3. Handle and transport animals early in the morning when it is coolest.

    "If it’s necessary to work or move cattle, do so in the early morning hours only," Heather Larson, cow-calf field specialist says. This keeps the cattle calmer and less stressed, which leads to them not getting as hot. Stephen Boyles, an extension beef specialist states, "If transporting animals is unavoidable, it is best to load early in the morning and not stop during the heat of the day." Once arriving at the destination it is best to unload the animals as soon as possible or park the trailer in shade until they can be unloaded.

    There some factors to consider when selecting a trailer to haul livestock. A trailer with larger windows and roof vents will offer maximum airflow inside the trailer, which will in turn keep the animals cooler. Rubber mats placed on the floor of the trailer offer a cooler place for animals to lay. Finally, lighter colored trailers will provide a cooler environment than darker colors like black, dark green, blue and red as these colors tend to absorb the heat rather than reflect it.

  4. Use sprinklers or foggers directly over animals if humidity allows.

    Sprinklers and foggers can bring down the temperature inside a structure dramatically, but one must be mindful of the humidity level. Average humidity in East Texas is well over 50 percent. Extended use of sprinklers can increase humidity and negatively impact animals. A beef specialist from Texas A&M states that beef or dairy cattle that are kept in a closed structure should have a constant mist or sprinkler running with proper ventilation for optimal cooling.

  5. Provide plenty of fans or shade if accessible.

    According to Dr. Dewell, from Iowa State University, "shade is critical in determining whether cattle die during extreme heat." He recommends having between 20 and 40 square feet of shade per animal, and the shade structure should be greater than eight feet tall to allow sufficient air movement. If animals are contained within a barn, it is beneficial to have fans which help to circulate air. Trees with large canopies make the best outdoor shade when a barn is not available.

    Animals exhibiting signs of heat stress such as panting, sprawling out on a cool surface or drinking lots of water should be moved to a shady area and given cool water.

    Cattle gathered under a shade tree
  6. Fly and pest control must be managed.

    During summer flies and pests are almost unbearable in our region. It is natural for cattle and other animals to bunch together in order to combat flies. This will airflow to the animals. Dr. Dewell recommends, "Minimizing breeding area for flies and applying insecticides to decrease fly populations prior to heat stress times." Less flies and pests will give the animals a chance to scatter out and they will be better equipped to regulate their body heat.

    Heat stress is a major problem in our area, but we hope with these tips your animals can enjoy their summer as well. If your animals are having major side effects of heat stress it is best to call your local veterinarian for help. Legacy Ag Credit cares about your animals and wants to help you provide for them this summer.

Patronage Program

We look forward to this week all year at Legacy Ag Credit. The week that our loan officers are out and about delivering patronage checks. Our patronage program provides our borrowers the unique opportunity to earn money back on their loans.

Leland and Leanne Day with Loan Officer Pete Weisenberger
Clients: Leland & Leanne Day | Loan Officer: Pete Weisenberger | Location: Kaufman, TX
Lyle Penny with Loan Officer Pete Weisenberger
Client: Lyle Penny | Loan Officer: Pete Weisenberger | Location: Kaufman, TX

Legacy Ag Credit, part of the Farm Credit system, operates as a cooperative. The patronage program is one of the benefits of doing business with Legacy Ag Credit. As a member of the cooperative, you have the opportunity to share in the co-op profits.

Tommy Neal and Linda Neal with Loan Officer:Marc McGahee
Clients: Tommy Neal & Linda Neal | Loan Officer:Marc McGahee | Location: Sulphur Springs, Texas

How this works is simple... Every year the board of directors reviews the financial health of the co-op. They decide how much of the profits get returned to the members in the form of cash and how much should be reinvested in the co-op. When it is distributed as cash, eligible borrowers receive a check with their share of the profits. When it is reinvested in the co-op, it increases financial stability and the possibility of future opportunities for members.

Louis and Jackie Cernoch
Clients: Louis and Jackie Cernoch | Office: Kaufman,Tx

By choosing to finance through Legacy Ag Credit, your interest payment works for you. A percentage is either returned to you in cash or reinvested to secure the financial soundness of your cooperative. Either way, profits generated from your loan are being used for your long-term success.

Dan and Rachel Turner Wills
Client: Dan & Rachel Turner | Wills Point Veterinary Client

Legacy Staff Supporting Local Livestock Shows

Recently Legacy Ag Credit has been attending quite a few livestock shows in support of our youth. As you can see several of our staff members have recently attended or purchased livestock from local shows. Here are a few reasons we take so much pride in endorsing and supporting local livestock shows and exhibitors:

1) We are in the business of giving people a start. Everybody starts somewhere, and often times youth develop a love for the agriculture and livestock industry through showing. We want to be apart of cultivating that love and appreciation for the next generation. And even if it is not their desire to pursue those industries, maybe they use profits from their show animals to start saving for college. Either way, we support our youth as they start something that will help them build a bright future.

2) We appreciate the lessons it teaches the youth about financial responsibility and stewardship. The record keeping required for most show animals of expenses and profits, input and output costs are pivotal to the success of any business. We believe in teaching kids from a young age about detailed recording keeping and its imperativeness to a profitable venture.

3) We value hard work and feel it should be rewarded. Taking care of livestock is hard work. It requires commitment and daily dedication; values that are important to us. We want to see the youth rewarded when they put in the effort to foster these values. We feel the same way about our clients, we want your hard work to reap the rewards. So for us, it is not just about providing a loan, but rather the right loan and the support that sets you up for long-term success .

4) Community involvement is important to us. We are proud to service East Texas and we want to be apart of enriching the local community to make it an enjoyable and safe place to live. We feel one of the ways to strengthen a community is to invest in young people and families.We want to do more than just business in a community, but rather serve an active role in cultivating it’s values and growth.

As an institution that knows a thing or two about financial dividends, we firmly believe that an investment in our youth yields some of the greatest returns.

Yancy Murray purchases Reserve Grand Champion Rabbits
Legacy Ag Credit Vice President Yancy Murray purchased the Reserve Grand Champion rabbits, exhibited by Landon Degner with Harleton 4H, at the 2018 Harrison County Farm City Week Livestock Show & Sale on March 22, 2018.
Legacy supports youth in February 2018 NETLA show
Legacy Ag Credit supports the area youth participating in the NETLA show February 23, 2018.