Section 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.72 FR 63285, Nov. 8, 2007, as amended at 75 FR 54013, Sept. 3, 2010; 86 FR 43391, Aug. 9, 2021