Steven F. Nail, president and chief executive officer of Farmers Grain Terminal, Inc., Greenville, Miss., will serve as first vice chairman of the National Grain and Feed Association following his election at the group's annual meeting.
As first vice chairman, Nail will be in line to succeed Richard R. Calhoun of Minneapolis, Minn., who was elected chairman of the National Grain and Feed Association at the meeting in Hilton Head, S.C.
Calhoun is vice president of the Grain and Oilseed Supply Chain-North America for Minneapolis-based Cargill, Inc.
Nail, who previously served a two-year term as second vice chairman, also serves on the NGFA's board of directors and executive committee. He chaired the NGFA's long-range planning committee that revised and updated the association's strategic five-year planning document in 2001-02.
He also serves as a member of the arbitration appeals panel, which is responsible for rendering final decisions under the NGFA's arbitration system, and the waterborne commerce committee, which addresses inland waterway and port issues affecting the industry. He also has served as an arbitrator.
Nail, a certified public accountant, began his career with Farmers Grain Terminal in 1983 as the cooperative's accounting manager. He was promoted to executive vice president in 1988 before being named president and chief executive officer in 1996.
The company, founded in 1968, operates nine elevators and river terminals in Mississippi, Arkansas and Louisiana, with more than 12 million bushels of storage. It markets soybeans, corn, sorghum, wheat and rice for its members.
Prior to joining Farmers Grain Terminal Nail was commodity marketing accountant with MFC Services, Madison, Miss., and a staff accountant with the Greenville, Miss., accounting firm of Sayle and Macione. He is a 1977 graduate of the University of Mississippi.
The NGFA is the U.S.-based nonprofit trade association of about 1,050 grain, feed, processing, transportation and grain-related firms comprising 5,000 facilities that handle more than two-thirds of all U.S. grains and oilseeds.
Calhoun also is chairman of the board for Cargill Marine and Terminal Inc., the firm's barge line, stevedoring company and shipping agency. He joined Cargill as a grain merchant in 1976, and held various merchandising and management positions for the company in the United States from 1976 to 1985.
After overseeing Cargill's trading with the U.S. Department of Agriculture's Commodity Credit Corporation in Kansas City, Mo., from 1985 to 1989, he transferred to Minneapolis, where he primarily was involved in government trading and rail rate negotiations for the company.