The requirements specified in this section shall apply to grants made under this subpart.

Grantees must complete the project per the terms and conditions specified in the approved work plan and budget, and in the grant agreement and letter of conditions. Grantees will expend funds only for eligible purposes and will be monitored by Agency staff for compliance. Grantees must maintain a financial management system, and property and procurement standards in accordance with Departmental Regulations.

Grantees must submit narrative and financial performance reports, as prescribed by the Agency in the grant agreement, that include required data elements related to achieving programmatic objectives and a comparison of accomplishments with the objectives stated in the application. At a minimum, these include comparisons of anticipated activies and outcomes and timeframes for achieving:

Expansion of customer base as a result of the project;

Increased revenue returned to the producer as a result of the project;

Jobs created or saved as a result of the project;

Evidence of receipt of matching funds, if included or provided for in project.

Semi-annual performance reports shall be submitted within 45 days following March 31 and September 30 each Fiscal Year. A final performance report shall be submitted to the Agency within 90 days of project completion. Failure to submit a performance report within the specified timeframes may result in the Agency withholding grant funds.

Additional reports shall be submitted as specified in the grant agreement or Letter of Conditions, or as otherwise provided in a notification issued under § 4284.915.

Copies of supporting documentation and/or project deliverables for completed tasks must be provided to the Agency in a timely manner in accord with the development or completion of materials and in conjunction with the budget and project timeline. Examples include, but are not limited to, a Feasibility Study, Marketing Plan, Business Plan, success story, distribution network study, or best practice.

The Agency may request any additional project and/or performance data for the project for which grant funds have been received, including but not limited to:

Information that will enable evaluation of the economic impact of program awards, such as:

Business starts and clients served;

Data associated with producer market expansion, new market penetration, and changes in customer base or revenues.

Information that would promote greater understanding of the key determinants of the success of individual projects or inform program administration and evaluation, such as:

The producer's experience related to financial management, budgeting, and running a business enterprise.

The nature of, and advantages or disadvantages of, supply chain arrangements or equitable distribution of rewards and responsibilities for Mid-tier Value Chain projects; and

Recommendations from Beginning Farmers or Ranchers, Socially-Disadvantaged Farmers or Ranchers, or Veteran Farmers or Ranchers.

Information that would inform or enable the aggregation of data for program administration or evaluation purposes.

The Agency may terminate or suspend the grant for lack of adequate or timely progress, reporting, or documentation, or for failure to comply with Agency requirements.