ination ▁as ▁to ▁whether ▁the ▁far mer ▁is ▁actually ▁el ig ible ▁to ▁make ▁such ▁an ▁application . ▁ ▁In ▁connection ▁with ▁the ▁application : ▁▁ ▁the ▁administrator ▁or ▁appropriate ▁expert ▁will ▁undert ake ▁" a ▁detailed ▁review ▁of ▁the ▁far mer ' s ▁financial ▁affairs ", ▁which ▁must ▁include ▁an ▁invent ory ▁and ▁financial ▁statements ▁of ▁the ▁far ming ▁operation , ▁and ▁may ▁recommend ▁that ▁specified ▁parties ▁particip ate ▁in ▁a ▁med iation , ▁as ▁well ▁as ▁the ▁" pre par ation ▁of ▁recovery ▁plans ▁for ▁the ▁purpose ▁of ▁reaching ▁financial ▁arrang ements ▁with ▁credit ors ▁and ▁the ▁Minister ." ▁ ▁when ▁the ▁results ▁of ▁a ▁review ▁has ▁been ▁final ized ▁in ▁a ▁report , ▁the ▁administrator ▁must ▁appoint ▁a ▁medi ator ▁and ▁inform ▁the ▁far mer ▁and ▁credit ors ▁of ▁the ▁appointment ▁ ▁in ▁the ▁case ▁of ▁a ▁med iation ▁ar ising ▁under ▁s . ▁ 5 ( 1 )( a ) ▁( which ▁includes ▁a ▁stay ▁of ▁proceed ings ), ▁the ▁med iation ▁and ▁stay ▁terminate ▁when ▁the ▁administrator ▁determ ines ▁that ▁either ▁the ▁far mer ▁or ▁the ▁majority ▁of ▁the ▁credit ors ▁refuse ▁to ▁particip ate ▁in ▁the ▁med iation ▁or ▁refused ▁to ▁continue ▁to ▁particip ate ▁in ▁good ▁faith , ▁the ▁med iation ▁will ▁not ▁result ▁in ▁reaching ▁an ▁arrangement ▁between ▁the ▁far mer ▁and ▁a ▁majority ▁of ▁credit ors , ▁the ▁far mer ▁has ▁contra ven ed ▁any ▁directive ▁issued ▁concerning ▁the ▁guard ians hip ▁of ▁the ▁assets , ▁or ▁where ▁the ▁far mer ▁has ▁je op