Developing the farm operating plan.

CFR · 2024-01-01 · US · Title 7

(a) An applicant or borrower must submit a farm operating plan to the Agency, upon request, for loan making or servicing purposes. (b) An applicant or borrower may request Agency assistance in developing the farm operating plan. (c) The farm operating plan will be based on accurate and verifiable information. (1) Historical information will be used as a guide. (2) Positive and negative trends, mutually agreed upon changes and improvements, and current input prices will be taken into consideration when arriving at reasonable projections. (3) Projected yields will be calculated according to the following priorities: (i) The applicant or borrower's own production records for the previous 3 years; (ii) The per-acre actual production history of the crops produced by the farming operation used to determine Federal crop insurance payments, if available; (iii) FSA Farm Program actual yield records; (iv) County averages; (v) State averages. (4) If the applicant or borrower's production history has been substantially affected by a disaster declared by the President or designated by the Secretary of Agriculture, or the applicant or borrower has had a qualifying loss from such disaster but the farming operation was not located in a declared or designated disaster area, the applicant or borrower may: (i) Use county average yields, or state average yields if county average yields are not available, in place of the disaster year yields when the county or state average yields are realistic a

official document · source cfr-2024 · id 7:§ 761.104