As a financial cooperative, Western AgCredit provides its member stockholders the opportunity to have a voice in Association governance by participating in Board of Director and Nominating Committee elections annually. Members can nominate and vote for qualified candidates who have a desire to work with Association leadership to help Western AgCredit fulfill its vision and mission.
Annually, the Nominating Committee conducts interviews and proposes candidates for the open positions on the Board of Directors. This year's ballot includes candidates for three regions. Region 2 presents a vacant seat, while Regions 3 and 4 each have incumbents seeking re-election. Additionally, the Nominating Committee identified two to three nominees from all regions (1 through 4) to be considered for the 2025 Nominating Committee.
Below is the election timeline. This is followed by brief biographies of the Director candidates and the names of stockholders nominated for the 2025 Nominating Committee.
All voting Stockholders may vote for any nominee in any region regardless of the region where the Voting Stockholder may be headquartered.
Steve W. Hanberg (Nominee)
Steve W. Hanberg is 64 years old and resides in Randlett, Utah. Mr. Hanberg is a joint owner/operator (with his spouse) and officer of Steve Hanberg Farms, L.L.C., which consists of an alfalfa hay, corn, wheat, and winter grazing operation. This agricultural business has been his primary occupation for at least the past five years. Mr. Hanberg currently serves on the Board of Directors of the Utah Farm Bureau Federation and is a past President of the Uintah County Farm Bureau. He also serves on the Board of Trustees of the Central Utah Water Conservancy District and the Associated Water Users Association. In addition, he currently serves on the Board of Directors of Ouray Park Irrigation Company and the Uintah Conservation District. Mr. Hanberg has a bachelor’s degree in business administration from Utah State University.
Alarik F. (Rik) Myrin (Nominee)
Alarik F. (Rik) Myrin is 57 years old and lives in Arcadia, Utah. Mr. Myrin is a joint owner/operator (with other family members) and officer of Myrin Ranch Inc., Myrin Livestock Co., LLC, Canyon Meadows Ranch, LLC, and Western Agri-Haul, LLC. Combined, these entities consist of a beef cattle (cow/calf, feeder, stocker), alfalfa/grass hay, pasture grazing, and livestock transportation operation. In addition, the Myrin family markets beef direct-to-consumer under their own private label. These agricultural businesses have been his primary occupation for at least the past five years. Mr. Myrin has served as President of Utland Ditch Company and on the Board of Directors of Lake Fork Irrigation Company. He also served as a special committee chairman for Dry Gulch Irrigation Company. Mr. Myrin has a bachelor’s degree in applied economics and agricultural business management from Cornell University.
Paul L. Percival (Nominee)
Paul L. Percival is 67 years old and resides in Roosevelt, Utah. Mr. Percival is a joint owner/operator (with his spouse) of an alfalfa hay, grass hay, and beef cattle (cow/calf) business. Mr. Percival retired in 2022 as a Natural Resource Specialist with the Bureau of Land Management (BLM) after 38 years of service. This employment with the BLM combined with his agricultural business has been his primary occupation for at least the past five years. He currently serves as Chairman of the Ioka Memorial Park Cemetery District. He previously served on the Board of Directors of the Johnson Water Improvement District. Mr. Percival has a bachelor’s degree in agriculture systems technology and a minor in economics from Utah State University.
Kirt H. Richins (Nominee)
Kirt H. Richins is 61 years old and resides in Henefer, Utah. Mr. Richins is a joint owner/operator (with his spouse) of a beef cattle (cow/calf) operation. Mr. Richins has spent 34 years in banking. He is currently employed as a Senior Capital Markets Specialist with the National Credit Union Association (NCUA). During his career with NCUA, he has also served as National Training Specialist, specialized in agriculture and commercial credit review, and served on various committees related to banking, risk management, Bloomberg analytics, and institutional oversight. This employment combined with his agricultural business has been his principal occupation for at least the past five years. He previously served on the Henefer Town Council and as a member of the Planning Committee for Summit County. Mr. Richins has a bachelor’s degree in accounting from Weber State University.
Brent E. Money (Nominee)
Brent E. Money is 62 years old and resides in Spanish Fork, Utah. Mr. Money is a joint owner/operator (with his spouse) and officer of Money Farms, Inc., which consists of a beef cattle (cow/calf and stocker), alfalfa hay, grass hay, corn, and wheat operation. This agricultural business has been his primary occupation for at least the past five years. Mr. Money currently serves on the Board of Directors of the Strawberry Water Users Association and the Utah County board of the Farm Service Agency. He is also the Secretary/Treasurer of the Spanish Fork Grazing Company. Mr. Money previously served as Vice-President of the Utah Cattleman’s Association, and on the State Brand Board and State Farm Service Agency Committee.
Kathryn (Kate) Nye (Incumbent)
Kathryn (Kate) Nye is 40 years old and resides in Delta, Utah. Ms. Nye is employed as the Financial Manager of Mountain View Dairy, LLC, a family (Nye) owned and operated dairy and crop (corn and small grains) operation. This has been her primary occupation for at least the past five years. In addition to her employment with Mountain View Dairy, she jointly owns and operates (with her spouse) a farm that produces feed inputs for the family dairy. Ms. Nye was previously employed as a Loan Officer at Farm Credit East, headquartered in Enfield, Connecticut, where she also completed the Leadership Development Program. She also previously served on the Delta Chamber of Commerce. Ms. Nye has a bachelor’s degree in animal science from Cornell University.
Klynt J. Heaton (Incumbent)
Klynt J. Heaton is 39 years old and resides in Alton, Utah. Mr. Heaton is a joint owner/operator (with his spouse) of a beef cattle (cow/calf) operation. In addition, Mr. Heaton is a self-employed contract provider of services including AI technician, livestock care, fencing, forest products harvesting, and property reclamation. He also owns and manages residential rental properties. Combined, his agricultural business, contract service business, and rental properties has been his primary occupation for at least the past five years.
Dusty L. Reese (Nominee)
Dusty L. Reese is 40 years old and resides in Kanab, Utah. Ms. Reese is a joint owner/operator (with her spouse) of a beef cattle (cow/calf) and alfalfa hay operation. They also market beef direct-to-consumer under their own private label. This agricultural business has been her primary occupation for at least the past five years. Ms. Reese is a past President of the Kane County Farm Bureau. She currently serves as a clerk for the Kane County Conservation District. Ms. Reese has a bachelor’s degree in agricultural business from Utah State University and recently completed the Leadership At Its Best program, sponsored by Syngenta.
Matthew R. Spendlove (Nominee)
Matthew R. Spendlove is 49 years old and resides in Virgin, Utah. Mr. Spendlove is a joint owner/operator (with his brother) and officer of Spendlove Farms and Livestock, LLC, which consists of an alfalfa hay, range land, and beef cattle (feeder) operation. He also owns and operates DM Excavation, LLC, a land excavation company. Combined, his agricultural and excavation business has been his primary occupation for at least the past five years. Mr. Spendlove currently serves on the Board of Directors of the Washington County Weed Board. He previously served on the Virgin City Council and later as Mayor of Virgin City.
At least one nominee from each region below will be elected to serve on the 2025 Nominating Committee. The other nominee(s) from each Region will serve as alternate(s) for the 2025 Nominating Committee.