{"data":{"id":"us/7-cfr-764.457","jurisdiction":"us","citation":"7 CFR 764.457","heading":"Vendor requirements.","body":"(a) Minimum experience. The vendor must demonstrate a minimum of 3 years of experience in conducting training courses or teaching the subject matter.\n(b) Training objectives. The courses provided by a vendor must enable the applicant to accomplish one or more of the following objectives:\n(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;\n(2) Maintain and use a financial management information system to make financial decisions;\n(3) Understand and use an income statement;\n(4) Understand and use a balance sheet; and\n(5) Understand and use a cash flow budget.\n(c) Curriculum. At least one of the following subjects must be covered:\n(1) Business planning courses, covering general goal setting, risk management, and planning; or\n(2) Financial management courses, covering all aspects of farm accounting and focusing on integrating accounting elements into a financial management system.\n(d) Instructor qualifications. All instructors must have:\n(1) Sufficient knowledge of the material and experience in adult education;\n(2) A bachelor's degree or comparable experience in the subject area to be taught; and\n(3) A minimum of 3 years experience in conducting training courses or teaching.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE","SUBCHAPTER D—SPECIAL PROGRAMS","PART 764—DIRECT LOAN MAKING","Subpart K—Borrower Training and Training Vendor Requirements"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"55493f636b61db6525c6860d02e6aeb35e8057978353fa8c35cda215f43430fb","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-764.456","next":"us/7-cfr-764.458"},"notice":"GroundRules: Original legal text. Not legal advice."}