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When the individual has no replacement plans, count such cash as lump sum income in the month received and treat according to lump sum policy. Livestock When livestock or fowl are used only for the production of food for home consumption, they are not considered a resource. See Chapter 15, Table V for more information on this exclusion. Loans Loans made to the individual by another individual or agency may consist of cash or credit advanced, and may be for specified or unspecified purposes. However, in order for the worker to disregard the loan as income and resources, the individual must establish that the loan is a bona fide one. Bona fide loans must meet the following criteria: 1. There is a written agreement to repay the money within a specified or an agreed upon time; that is, on a regular timetable or when anticipated income becomes available. The loan does not have to be secured by specific items of collateral, but the borrower must express the intent to repay. 2. Or, the loan is obtained from an establishment in the business of making loans. Farm loans are often made by verbal contract between sharecropper and a landlord or merchant. These types of loans may be considered bona fide when the worker verifies the contract by contacting the lender. Loans for specified purposes are most often for educational purposes, for the purchase of a home and/or lot, for improvement or repair of the home, and the like. If the individual cannot establish that the amount in question is a bona fide loan and cannot reasonably explain potential repayment, count the available amount as a contribution to be considered income. Personal Belongings Personal belongings such as clothing, furniture, household equipment and the like will not be considered resources unless they are valued at an unusually large amount.