A farmer has:
An annual crop loan request with FSA $50,000
Margin After debt service $4,000
Ending Cash on hand $2,000
Value of chattels $25,000
Prior liens on chattels $15,000
Based on the information above, what would be the feasibility determination?
A. Feasible plan; do not take existing equity in chattels for additional security
B. non- feasible plan
C. non- feasible plan; reduce amount of requested loan to develop a feasible plan
D. Feasible plan; take existing equity in chattels for additional security