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2020 09/13/18 17 1. If income from January to date of application is available follow steps 1- 3 as outline above; 2. If previous months income not available and previous months’ income is expected to remain constant, use the previous month’s income to project annual income; 3. If income varies monthly, determine an average month’s income and project annual income. 4. Farmer’s income shall be annualized.

PROJECTING ANNUAL INCOME

Actual Income

Add all income (earned and unearned) from January thru Date of Application (DOA). Could be the year to date if applicant is continuously employed from January.