# 764.457 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]