The Agency conducts a year-end analysis at its discretion or if the borrower:
Has received any direct loan except for streamlined CLs, chattel subordination, or primary loan servicing action within the last year;
Is financially distressed or delinquent;
Has a loan deferred, excluding deferral of an installment under subpart B of part 766; or
Is receiving a limited resource interest rate on any loan.
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:
An analysis comparing actual income, expenses, and production to projected income, expenses, and production for the preceding production cycle; and
An updated farm operating plan.
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