View all text of Subpart C [§ 761.101 - § 761.200]
§ 761.105 - Year-end analysis.
(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.