What is the maximum amount for an initial or subsequent guaranteed operating loan?

The maximum amount for an initial or subsequent guaranteed operating loan is indeed adjusted annually and published in the FSA Handbook. This means that the limit is not static but subject to changes based on various factors, including economic conditions and funding availability for the programs. By being published in the FSA Handbook, applicants, lenders, and loan officers can easily access the most up-to-date information regarding loan limits and ensure compliance with the current guidelines.

This method of setting loan limits helps ensure that the program can respond to inflation and changing market conditions, providing a more relevant and fair borrowing environment for farmers and agricultural operators. It also allows for transparency in how these limits are determined and communicated to potential borrowers.