---
kind: "section"
citation: "7 C.F.R. § 764.457"
title: "7"
number: "764.457"
heading: "Vendor requirements."
url: "https://uscodex.org/cfr/7/764.457"
---

# §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.**

## Notes

### Amendments

[72 FR 63298, Nov. 8, 2007, as amended at 89 FR 65041, Aug. 8, 2024]

### Source

Source: 72 FR 63298, Nov. 8, 2007, unless otherwise noted. Redesignated at 75 FR 54015, Sept. 3, 2010.

### Authority

Authority: 5 U.S.C. 301 and 7 U.S.C. 1989.

### Source

Source: 72 FR 63298, Nov. 8, 2007, unless otherwise noted.

### Amendments

[72 FR 63298, Nov. 8, 2007, as amended at 89 FR 65041, Aug. 8, 2024]