On or before March 1 of each year in which loan guarantees or interest deferrals are outstanding, the secretary shall submit a report to the Secretary of the Senate and the Chief Clerk of the House of Representatives detailing each loan guarantee and interest deferral accepted or rejected by type, amount, interest rate, lending institution, location, dates of application and final decision, type of farm, and acreage of farm. The secretary shall also estimate the amount of farmland preserved and the increase in the amount of farm receipts in the Commonwealth due to this program.