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FCA Board Members, 1986–2006
Kenneth Auberger succeeded Donald E. Wilkinson as Acting Chairman shortly after the Farm Credit Amendments Act of 1985 became effective and before the first Board Chairman, Frank W. Naylor Jr., took office. The Act had changed the governing structure of FCA to a three-person presidentially appointed Board, with one member serving as Chairman and Chief Executive Officer. Mr. Auberger had a long career with FCA. He started his career with FCA in April 1964 as Assistant Chief Examiner. He was appointed Chief Examiner in January 1966 and then Deputy Governor in November 1975. In June 1982, he was named Deputy Governor and Chief of Staff, a position he held until December 1984, when he was named Executive Assistant to the Governor. From August 1978 to December 1985, he also served as Secretary to the Federal Farm Credit Board. He became Acting Director of the Office of Administration from June to September 1986 and then served the new FCA Board as Secretary. Before joining FCA, he worked for 12 years for the U.S. General Accounting Office, becoming supervisory accountant in 1961. Before entering Government service, he was an accountant for Carl D. Thomy & Company in Rochester, New York, from 1950 to 1951. Mr. Auberger earned a bachelor’s degree in business administration from Siena College and a doctorate of law and a master of business administration from American University.
Frank Naylor was appointed to a six-year term on the FCA Board by President Ronald Reagan and was designated Chairman and Chief Executive Officer. He was the first Chairman after the Farm Credit Amendments Act of 1985 provided for a full-time, presidentially appointed Board of Directors. The Act also granted increased enforcement powers and greater oversight authority to FCA to help Farm Credit System (FCS) institutions recover from the steep financial losses of the 1980s. This new authority focused Mr. Naylor’s efforts, along with those of the other Board members, on promulgating regulations to restore financial health and stability to the FCS. A highlight of his tenure was the Board’s approval of borrower rights regulations for FCS institutions. In the five years before his appointment to the FCA Board, Mr. Naylor served as Under Secretary of Agriculture for Small Community and Rural Development. In that role, he supervised the Farmers Home Administration; the Rural Electrification Administration, including the Rural Telephone Bank; and the Federal Crop Insurance Corporation. He was a member of the Commodity Credit Corporation Board of Directors and served as the U.S. Department of Agriculture’s (USDA’s) representative on financial and housing working groups for the Cabinet Council on Economic Affairs. From 1976 until 1981, Mr. Naylor was senior vice president of the 11th Farm Credit District, Sacramento, California. From 1973 to 1976, Mr. Naylor was Associate Administrator and Administrator of the Farmers Home Administration, where he managed a nationwide rural credit operation, including agricultural, mortgage, farm, and community development loans. In 1972, he was Executive Assistant to the Administrator at the Veterans Administration, where he developed management alternatives for the delivery of improved medical services and other benefits to veterans. Before that, Mr. Naylor was Deputy Administrator of the Federal Crop Insurance Corporation at USDA. Following his service with FCA, Mr. Naylor became president and chief executive officer of U.S. Agricredit, Inc., a diversified financial services company. A native of Kansas, Mr. Naylor graduated from the University of Kansas, Lawrence. He saw combat duty in Vietnam, was awarded the Navy Commendation Medal, and was a national chairman of the Vietnam Veterans Committee.
Marvin Duncan was appointed to the FCA Board for a four-year term by President Ronald Reagan. From November 12, 1988, to October 9, 1989, he served as Acting Chairman and Chief Executive Officer after Frank W. Naylor resigned. Before his appointment, he had served as FCA’s Senior Deputy Governor. His responsibilities included directing strategic planning and representing FCA to the administration, Congress, other financial institutions, the Farm Credit System, and the public. Before joining FCA, Mr. Duncan was a vice president and senior economist with the Federal Reserve Bank of Kansas City, where he led the regional economics group in the Economic Research Department and was responsible for directing research in agriculture, energy, and regional economics. He joined the bank in 1975 as an agricultural economist and was appointed to the official staff in 1979. Before joining the Federal Reserve, Mr. Duncan spent 15 years in farm management and agribusiness and served on the faculties of North Dakota State University and Iowa State University. Mr. Duncan is now senior agricultural economist in the Office of Energy Policy and New Uses, Office of the Chief Economist, U.S. Department of Agriculture. He writes and speaks extensively on economic and farm topics. He was chairman of the National Planning Association’s Food and Agriculture Committee and was a member of USDA’s National Agricultural Cost of Production Standards Review Board. Mr. Duncan holds bachelor’s and master’s degrees from North Dakota State University and a doctorate in agricultural economics from Iowa State University.
Jim Billington was appointed by President Ronald Reagan to the FCA Board for a two-year term and was reappointed to a six-year term in 1988. He resigned in January 1989 to become chief executive officer of the Minnesota Wheat Research and Promotion Council and the Minnesota Wheat Growers. From 1978 on, he was a full-time farmer and rancher in Altus, Oklahoma. He was president of the National Association of Wheat Growers in 1981, after serving as secretary in 1979 and as vice president in 1980. Mr. Billington also served as president of the Oklahoma Wheat Growers’ Association and was a member of the Federal Grain Inspection Advisory Board, an appointment made by the Secretary of Agriculture. Before turning to full-time farming, he was president and chief executive officer of the First National Bank of Beaver, Oklahoma, from 1975 to 1978. Mr. Billington worked for the Farm Credit System for nearly 10 years, first as an examiner with the Federal Intermediate Credit Bank of Wichita and then as president and chief executive officer of the Woodward Production Credit Association in Woodward, Oklahoma, from 1967 to 1975. Before that, Mr. Billington was a farm advisor with the University of California and superintendent of the Irrigation Research Station at Oklahoma State University. Mr. Billington earned both bachelor’s and master’s degrees at Oklahoma State University.
Harold Steele was appointed to the FCA Board by President George H. W. Bush to fill the remainder of Frank Naylor’s term. At the same time, he was designated Chairman. After the expiration of his first term, he continued to serve as Chairman for another 15 months. His accomplishments at FCA include the introduction of various managerial tools and procedures. He also set up annual meetings between FCA staff and association management to improve communications with FCS institutions. Mr. Steele is from Princeton, Illinois, where his family’s farm of 1,000 acres produces corn, soybeans, and pork. He was a member of the board of directors of the Midwest Financial Group, Inc., a holding company comprising 19 member banks in northern Illinois. He also served on the boards of the Agrarian Management Corporation in Chicago, the Illinois Society of Scientific Surveys in Springfield, and the Illinois Agricultural Leadership Foundation in Macomb. Mr. Steele served as chairman of the presidentially and congressionally appointed National Commission on Agricultural Finance, which was created by the Farm Credit Amendments Act of 1985 and which made its report to Congress on February 22, 1989. From 1975 to 1982, he served on the board of directors of the National Livestock Producers Association, and from 1977 to 1979 on the National Livestock and Meat Board. From 1970 to 1983, Mr. Steele served as the full-time president of the Illinois Farm Bureau (IFB), the State’s largest general farm organization with 315,000 member families. During that period he served as president of the IFB-affiliated group of insurance companies and investment firms. He also served on the board of the American Farm Bureau Federation from 1971 to 1983 and was a member of its executive committee in 1981 and 1982. While serving as IFB president, he traveled on agricultural trade missions throughout Western Europe; Eastern Europe, including the former Soviet Union; Japan; and the People’s Republic of China. As an agricultural producer and leader, Mr. Steele received many awards and honors:
In addition, he was elected a laureate of the Lincoln Academy of Illinois, an organization that honors the achievements of distinguished Illinoisans, in 1999, and he is an honorary lifetime member of the Illinois Association of Vocational Agriculture Teachers. Mr. Steele attended the University of Illinois’ College of Agriculture before entering World War II as a U.S. Army captain. His decorations include the Silver Star, Purple Heart, Army Commendation Medal, and European Theater of Operations Medal with two battle stars.
Billy Ross Brown was appointed by President George H. W. Bush to the FCA Board to fill the unexpired term of Jim R. Billington. He was designated Chairman and Chief Executive Officer on August 31, 1993, by President William J. Clinton. He also served as the first chairman of the Farm Credit System Insurance Corporation, making him the first Board member to serve in both capacities (although not at the same time). Mr. Brown came to FCA with many years of experience with the Farm Credit System. He started as a member of the board of directors of the Oxford (Mississippi) Production Credit Association (PCA) in 1969, serving as chairman from 1976 to 1985. From 1985 to 1990, he served as a board member of the First South PCA in Jackson, Mississippi. After he left the FCA Board in 1994, he returned to Oxford, where he was nominated to serve again on the First South Board. That time, he served from June 1999 until his mandatory retirement in March 2005. Throughout, he continued to run his timber operation in Oxford. Mr. Brown had long been active in State and national agriculture and conservation organizations. He was area vice president for the Mississippi Association of Conservation Districts for more than 20 years and a commissioner of the Lafayette County Soil and Water Conservation District for more than 30 years. He also served as chairman of the Mississippi Soil and Water Conservation Commission from 1982 to 1986. From 1976 to 1979, he was a member of the U.S. Forest Service’s National Advisory Committee. In recognition of his work in conservation, forestry, wildlife, and agriculture, Mr. Brown received a number of national and State awards:
Mr. Brown served in both the U.S. Army and the Mississippi National Guard, where he led a unit to protect James Meredith, the first black student admitted to the University of Mississippi, and the university during an all-night riot on September 30, 1962. He himself is a graduate of the University of Mississippi, where he earned a bachelor’s degree in business administration.
Gary Byrne was appointed to the FCA Board by President George H. W. Bush to fill the unexpired term of Marvin Duncan. Mr. Byrne was elected to also serve as chairman of the board of the Farm Credit System Insurance Corporation on June 11, 1992. Before his appointment to these positions, he served as the Administrator of the Rural Electrification Administration in the U.S. Department of Agriculture. As Administrator, he managed an agency that approved more than $62 billion in loans to 2,116 rural electric and telephone utilities in 47 States, Guam, the Federated States of Micronesia, the Marshall Islands, the Northern Mariana Islands, the Virgin Islands, and Puerto Rico. He also served as Governor of the Rural Telephone Bank, a USDA agency created by Congress in 1971 as a source of supplemental funding for rural telephone systems. Mr. Byrne was chairman of the Bank of Alex Brown in Sacramento, California, where he also served as president and chief executive officer of the Alex Brown Financial Group, a multibank holding company. He was a member of the board of trustees of the University of Redlands in California, where he had received a bachelor’s degree in political science. He earned a doctorate in political science from the University of North Carolina. From 1969 to 1973 he was an associate professor of political science at San Diego State University.
Doyle Cook was appointed to the FCA Board by President William J. Clinton. In March 1995, he was elected chairman of the board of directors of the Farm Credit System Insurance Corporation. Mr. Cook brought to his position 32 years of experience in agricultural lending, 19 of which were with various institutions of the Farm Credit System. He joined the FCS in 1975 after 13 years of experience in credit, marketing, finance, and general management with Ralston Purina. As regional vice president of the Federal Intermediate Credit Bank of St. Louis, he was responsible for supervising seven Production Credit Associations in Arkansas. From 1979 to 1983, he served as senior vice president of the Federal Intermediate Credit Bank of Louisville, supervising 34 PCAs. From 1983 to 1985, he served as senior vice president of the Federal Intermediate Credit Bank of Texas and as a senior vice president for credit for the jointly managed Federal Intermediate Credit Bank, Federal Land Bank, and Bank for Cooperatives of Texas. In 1986, he was named president and chief executive officer of Farm Credit Services of Mid-America, a $3 billion association serving 66,000 farmers in four States. During his four-year tenure at Mid-America, earnings improved from a loss of $75 million to a profit of $31 million. In 1989 Mr. Cook assumed leadership of the troubled Farm Credit Bank of Spokane, where he served as president and chief executive officer until just before his appointment to the FCA Board. Under his leadership the bank returned to a position of strength and profitability that permitted the early repayment of $88 million in Federal financial assistance. Mr. Cook served as a director of the Federal Agricultural Mortgage Corporation (Farmer Mac) and as a member of the Chicago Mercantile Exchange Lender Advisory Committee. He was an active participant on the various committees of the banks of the FCS, serving as a member of the executive committee of the Presidents’ Planning Committee and as chairman of the Credit and Operations Committee, the Contractual Interbank Performance Agreement Committee, and the Self-Discipline Ad Hoc Committee. He also served as a member of the Washington State University Business School Advisory Council and was active in the community affairs of Spokane, serving as a trustee of the Spokane Chamber of Commerce and as a member of the Spokane Downtown Rotary Club. A native of Star City, Arkansas, Mr. Cook holds a B.S. in agricultural business and an M.S. in agricultural economics from the University of Arkansas.
Marsha Pyle Martin was appointed to the FCA Board by President William J. Clinton and also was named Chairman and Chief Executive Officer. She was the first woman in FCA’s history to lead the Agency. In these roles, Ms. Martin directed the development and implementation of policies and programs that provided
One of the accomplishments of her tenure was a regulation that increased the opportunities for non-FCS financial institutions to establish a funding relationship with the FCS to open up more credit for rural America. In addition, she and her fellow Board members sought to identify and eliminate unduly burdensome or unnecessary regulations for the FCS, to restructure and reduce FCA staff, and to cut costs. In 1970, she joined the Federal Intermediate Credit Bank of Texas and in 1979 became the first woman to be appointed to a senior officer position. She held leadership positions with various agricultural councils and advisory committees in Texas, including
In 1990, she received the H. E. Klinefelter Award, the Cooperative Communicators Association’s highest honor, in recognition of her distinguished contributions to cooperative communications. In 1995, Ms. Martin was honored with the Academy of Honor in Agricultural Credit by the board of directors of the Farm Credit Bank of Texas as the individual who had made the greatest contribution to agriculture and farm credit in Texas. In 1996, Texas Woman’s University presented her with the Distinguished Alumna Award. Ms. Martin held a B.A. from Texas Woman’s University and an M.S. from Texas A&M University. She died in office.
Ann Jorgensen was appointed to the FCA Board by President William J. Clinton. She was elected to serve in January 2000 as chairman of the board of directors of the Farm Credit System Insurance Corporation, the first woman in that capacity. Ms. Jorgensen brought to her position on the FCA Board extensive experience in production agriculture and accounting. She started farming in partnership with her husband in 1963. Their farm now includes a cropping operation (Jorg-Anna Farms) and a hog operation (Timberlane Hogs Ltd). Ms. Jorgensen also worked as a tax accountant for 10 years and as a licensed commodity broker for seven years. In 1981, she started Farm Home Offices, a mail-order catalog company, which markets farm management products designed to help farmers improve their financial and production management systems. Ms. Jorgensen served on a number of governing boards for the State of Iowa, including the Board of Regents for six years. The Board of Regents is responsible for the State’s three universities, including the University of Iowa Hospital, which is a world-renowned teaching hospital, and its affiliated clinics. She also served as a board member for the Iowa Department of Economic Development and as chair of the Iowa Rural Development Council. Among the many other boards and committees she served on were
Ms. Jorgensen is a coauthor of a producer’s guide, “The Farmer’s Guide to Total Resource Management,” and the author of a book, Put Paperwork in Its Place. She also writes for, and serves as an expert resource person, for several farm publications. In 1997, she was one of the national agricultural leaders named by Alpha Zeta, the national honorary agricultural fraternity, to its Centennial Honor Roll. She was honored as the Outstanding Young Woman for the State of Iowa in 1976 and was inducted into the Iowa Volunteer Hall of Fame in 1989. Ms. Jorgensen and her husband were recognized by Farm Futures magazine in 1983 as the owners of one of the Top 10 Best Managed Farms. Ms. Jorgensen, a native of Iowa, holds a B.A. from the University of Iowa. She, her husband, and a son continue to operate their farm in Iowa.
Michael Reyna was appointed to the FCA Board by President William J. Clinton. He was designated Chairman and CEO by President Clinton on January 13, 2000, after the death of Marsha Pyle Martin. Mr. Reyna instituted numerous programs to increase workplace diversity at FCA. Under his leadership, FCA instituted an Affirmative Employment Program Action Plan to increase the number of minorities, women, and people with disabilities in the FCA workforce. During his tenure, a Blacks in Government chapter was created at FCA, as well as a Female Examiners Work Group. Mr. Reyna instituted a policy prohibiting harassment and provided training to ensure a harassment-free workplace. He also substantially increased work/life balance benefits for FCA employees, which garnered the Office of Personnel Management Award for Outstanding Work/Life Programs. To increase the transparency of FCA rulemaking, he held public hearings on proposed regulations. Before his appointment to the FCA Board, Mr. Reyna served as President Clinton’s Director of USDA Rural Development (formerly known as the Farmers Home Administration) in California from November 1993 to October 1998. In that role, Mr. Reyna was responsible for growing and managing a diversified portfolio of housing, business, and infrastructure loans totaling more than $2.6 billion. His work in California on behalf of the Clinton administration included the Northwest Economic Adjustment Initiative, the Rural Empowerment Zone–Enterprise Community program, the AmeriCorps program, and several Reinventing Government initiatives. Before joining the Clinton administration, Mr. Reyna served for 11 years as a principal advisor to the California legislature, working on financial service industry regulation and a wide range of issues, including housing, economic development, local government finance, and political reform. He was an appointed member of several local commissions, including the Sacramento City Planning Commission, which he served as chairman in 1993. In addition, he was a founding board member of Meadowview Community Action, a local nonprofit agency. In Texas, he served as a private consultant to the Texas 2000 Project, an initiative of the Governor’s Office of Budget and Planning. In that capacity, he developed and implemented a computer-based simulation model of the Texas economy, which estimated employment and population trends through the year 2000. In 1996, Mr. Reyna received Vice President Al Gore’s Hammer Award for helping to reinvent the USDA Rural Development Business and Industry Loan Guarantee Program. In 1998 and 1999, he received awards from the California Rural Builders’ Council, the Rural California Housing Corporation, the California Coalition for Rural Housing, and the Valley Small Business Corporation in recognition of his leadership and commitment to rural America. In 2003, he was honored with the LBJ School Alumni Association’s Distinguished Public Service Award. He was also acknowledged by the California legislature for his many contributions while on staff. Mr. Reyna, a native of Texas, holds a bachelor’s degree in business administration from the University of Texas at Austin and a master’s degree in public policy and administration from the LBJ School of Public Affairs at the University of Texas.
Michael Dunn served briefly as an FCA Board member before serving in another capacity with FCA as Director of what was then the Office of Policy and Analysis. In that position, he managed the two divisions responsible for developing regulations and public policy positions for FCA. Before his service with FCA, Mr. Dunn was Under Secretary of Agriculture for Marketing and Regulatory Programs, Acting Under Secretary for Rural Economic and Community Development, and Administrator of the Farmers Home Administration at the U.S. Department of Agriculture. At USDA, Mr. Dunn also served as a member of the Commodity Credit Corporation and Rural Telephone Bank Board. His career in agricultural credit dates back to the late 1970s, when he was the Midwest Area director for the Farmers Home Administration. He was a loan officer and vice president of the Farm Credit Bank of Omaha and served as a staff member of the Senate Agriculture Committee. Currently, Mr. Dunn is a Commissioner of the Commodity Futures Trading Commission. He was sworn in on December 6, 2004, to a term expiring June 19, 2006, and was appointed by President George W. Bush to a second term. He serves as chairman and designated Federal official of the Commission’s Agricultural Advisory Committee. Mr. Dunn also is chairman of the Commission’s Forex [foreign currency] Task Force. A native of Keokuk, Iowa, Mr. Dunn was a member of the Iowa Development Commission and served as chairman of the State of Iowa’s City Development Board. He received a B.A. and an M.A. from the University of New Mexico.
Douglas Flory was appointed to the FCA Board by President George W. Bush. In December 2002, he was elected chairman of the board of directors of the Farm Credit System Insurance Corporation. Mr. Flory brought to his position on the FCA Board extensive experience in production agriculture, agribusiness, and commercial bank and Farm Credit System lending. He operates Bunker Hill Farm and is also 50 percent owner of S&F, LLC, a beef, turkey, grain, and hay farm in Augusta County, Virginia. Before his appointment to the Board, Mr. Flory was a member of the board of directors of AgFirst Farm Credit Bank in Columbia, South Carolina, and a director of Farm Credit of the Virginias, ACA, in Staunton, Virginia. He also served as a member of the Farmer Mac Appraisal Standards Committee. He was executive vice president of Dominion Bank from 1971 to 1988 and was president, CEO, and director of Dominion Farm Loan Corporation. During his banking career, he chaired the Virginia Bankers Association Committee on Agriculture and was a member of the executive committee of the American Bankers Association’s agricultural division. From 1989 to 1992 he was executive vice president, chief operating officer, and a member of the board of WLR Foods, Inc., a publicly traded poultry food company (now part of Pilgrims Pride). Mr. Flory also served on several governing boards for the Commonwealth of Virginia. He was appointed to the Virginia Agricultural Council, an advisory board, and the Virginia Agriculture Credit Committee, which he chaired. He also served on the Virginia Agricultural Development Authority, which uses “aggie bonds” to finance Virginia farmers. Throughout his career, Mr. Flory has been an active participant in agriculture industry associations. He served as president of the Virginia Turkey Association and as president and director of the Rockingham County Fair Association. He also served as a director of the Virginia Poultry Federation, the Virginia Agribusiness Council, the Virginia Beef Cattle Association, and the Virginia Sheep Association. Mr. Flory is now Director of International Affairs for FCA. A native of Augusta County, Virginia, he attended Bridgewater College and earned a bachelor’s degree from Virginia Tech. He did graduate work at James Madison University and is a graduate of the University of Maryland–Virginia School of Bank Management at the University of Virginia.
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