Section 761.105 - Analysis(a) The Agency conducts an 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) The analysis must include a review of the previous production cycle's actual income, expense, and production performance, as well as a farm operating plan for the new operating cycle. 72 FR 63285 , Nov. 8, 2007, as amended at 75 FR 54013 , Sept. 3, 2010; 86 FR 43391 , Aug. 9, 2021 86 FR 43391 , 8/9/2021; 89 FR 65038 , 9/25/2024