Year-end analysis.

CFR · 2024-01-01 · US · Title 7

(a) The Agency conducts a year-end analysis at its discretion or if the borrower: (1) Is being considered for a new direct loan or subordination; (2) Is financially distressed or delinquent; (3) Has a loan deferred, excluding deferral of an installment under subpart B of part 766; or (4) Is receiving a limited resource interest rate on any loan, in which case the review will be completed at least every 2 years. (b) To the extent practicable, the year-end analysis will be completed within 60 days after the end of the business year or farm budget planning period and must include: (1) An analysis comparing actual income, expenses, and production to projected income, expenses, and production for the preceding production cycle; and (2) An updated farm operating plan.

official document · source cfr-2024 · id 7:§ 761.105