DETERMINING FARM INCOME AND PROFITABILITY
Structure of the farm and its production techniques. Calculating the rate of return of the borrowed capital. The labor employed on farm. Farming activity. The Balance Sheet of the farm. The Income Statement of the farm. Indexes for an economic evaluation of the results of the farm. Remuneration to the inputs provided by the entrepreneur and his family. Indicators of economic viability. Indicators for evaluation sheet. The results of the farm without the Single Farm Payment (SFP)

DETERMINING PROFITABILITY, CAPITAL STRUCTURE, AND FINANCIAL SUSTAINABILITY IN A SHEEP MILK FARM.
Introduction.
General aspects of business management. Plots of land managed: costs of acquisition and construction of the plants arboreal. Amortization and repayment of debts. Calculating the rate of return of capital borrowed. The labor employed by the sheep. Farming activity. The Balance Sheet farm sheep milk. The Income Statement of farm livestock. Indicators to assess the results of the farm. The compensation to the inputs provided by the entrepreneur and his family. Indicators of economic viability. Capital and financial indicators. The results of the farm without the Single Farm Payment (SFP). The production of cash to repay the debt (FCFO-FCFE).

EVALUATION OF INVESTMENT PROJECT OF A CATTLE FARM MILK THAT REQUIRES A CONTRIBUTION TO RDP TO BUY MACHINERY.
The balance sheet in the year preceding the investment. The income statement in the year before the investment. The change in the year in which the investment is made. The change of the farm in the final year of the process. The synthetic evaluation and eligibility criteria of the business plan for the RDP of the Lazio Region.

EVALUATION OF PUBLIC FUNDING THROUGH COST-BENEFIT ANALYSIS
The Cost-Benefit Analysis. Calculating the present value of benefits and costs. Application of Cost-Benefit. The definition of the objectives. The effects of investment. The realization of a cherry orchard.

PRACTICAL EXERCISES
The practical exercises involve the analysis of real farms, whose data are extracted, completely anonymous, from the Farm Accountancy Data Network (RICA). In particular, students are guided in defining the economic structure and financial position of those farms, and in assessing their economic and financial sustainability. Students are also guided in defining the technical and economic characteristics of an investment hypothesis (arboriculture, livestock, field crops, horticulture and greenhouses, products processing, agriturism, machinery and equipment, agricultural facilities), and in assessing the economic and financial implications of its implementation.

Lecture notes by the Professor: Gabriele Dono, 2019, Agricultural Business Management and Investment Analysis (part 1 - basic elements for the economic, patrimonial and financial analysis on farms), Agricultural Business Management and Investment Analysis ( part 2a - asset and financial indicators in a dairy sheep farm), Farm Management and Investment Analysis (part 2b - Business Plan for investment in a dairy cattle farm), Farm Management and Analysis of Investments (part 3 - Cost-Benefit Analysis)