PUBLIC LAW 102-554—OCT. 28, 1992 106 STAT. 4147

to in this section as the 'applicant'), to conduct viable farming
or ranching operations.

"(b) SUBMISSION OF PLAN OF FARM OPERATION.—An applicant
who desires to apply for special assistance under this section shall
submit a plan, in coordination with activities conducted under sec-
tions 359, 360,361, and 362, that—

"(1) describes, for each of the first 5 years for which assist-
ance under this section is sought for the operation—
"(A) how the operation is to be conducted;
"(B) the types and quantities of commodities to be
produced by the operation;

"(C) the production methods and practices to be
employed by the operation;

"(D) the conservation measures to be taken in the
operation;

"(E) the equipment needed to conduct the operation
(including any expected replacements for the equipment)
and, with respect to each item of needed equipment,
whether the applicant owns, leases, or otherwise has access
to the item, or proposes to purchase, lease, or otherwise
gain access to the item;

"(F) the expected income and expenses of the operation;
"(G) titie expected credit needs of the operation, includ-
ing the types and amounts of assistance to be sought under
this section; and

"(H) the site or sites at which the operation is (or
is to be) located; and

M(2) projects the financial status of the operation after
assistance under this section has been provided for a period
of not more than 10 years, consistent with section 319, as
is necessary for the operation to become financially viable with-
out further assistance from the Secretary, including specific
goals that the applicant projects to meet hi order to progress
toward graduation as expeditiously as possible,
"(c) DETERMINATIONS BY THE COUNTY COMMITTEE; APPROVAL
OF PLAN.—The county committee shall approve a plan submitted
by an applicant in accordance with subsection (b) if the county
committee determines that—

"(1) the applicant has not operated a farm or ranch, or
has operated a farm or ranch for not more than 5 years;
"(2) during the 5-year period ending with the submission
of the plan, the applicant has had sufficient education and
experience to indicate that the applicant is able to conduct
a successful farming or ranching operation, as the case may
be;

"(3) the applicant owns, leases, or has a commitment to
have leased to the applicant the site or sites of the operation;
M(4) there is, or will be, available to the applicant equipment
sufficient to conduct the operation in accordance with the plan;
"(5) the applicant agrees to participate in such loan assess-
ment, borrower training, and financial management programs
as the Secretary may require; and

"(6) the applicant is otherwise eligible for assistance under
this title.

a(d) DETERMINATION BY THE SECRETARY; APPROVAL OF APPLICA-
TION FOR ASSISTANCE.—The Secretary shall approve an application
for assistance under this section for an operation described in