Vendor requirements.

(a) Minimum experience. The vendor must demonstrate a minimum of 3 years of experience in conducting training courses or teaching the subject matter. (b) Training objectives. The courses provided by a vendor must enable the applicant to accomplish one or more of the following objectives: (1) Describe the specific goals of the farming operation, any changes required to attain the goals, and outline how these changes will occur using present and projected cash flow budgets; (2) Maintain and use a financial management information system to make financial decisions; (3) Understand and use an income statement; (4) Understand and use a balance sheet; and (5) Understand and use a cash flow budget. (c) Curriculum. At least one of the following subjects must be covered: (1) Business planning courses, covering general goal setting, risk management, and planning; or (2) Financial management courses, covering all aspects of farm accounting and focusing on integrating accounting elements into a financial management system. (d) Instructor qualifications. All instructors must have: (1) Sufficient knowledge of the material and experience in adult education; (2) A bachelor's degree or comparable experience in the subject area to be taught; and (3) A minimum of 3 years experience in conducting training courses or teaching. [72 FR 63298, Nov. 8, 2007, as amended at 89 FR 65041, Aug. 8, 2024]