| Politiche agricole e gestione dell'impresa |
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Code
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14841 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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| Module:
(objectives)
The course aim is to develop knowledge and skills related to agricultural policy and the agri-food market.
More specifically, the course is aimed at understanding: a) the economic processes that characterize the national and international agri-food products markets, as well as the structural evolution of the agri-food system; b) the role of EU Agricultural Policies in the management of agricultural markets, in pursuit of environmental sustainability and in rural development.
The achievement of these objectives is aimed at developing the ability to pursue the economic sustainability of the sectoral realities in which graduates will work. In particular, to be able to operate in productive activities that are carried out within the agri-food system and the agri-food markets and in professional activities connected to the application of agricultural and rural development policies.
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Code
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14841-1 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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Credits
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6
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Scientific Disciplinary Sector Code
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AGR/01
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Contact Hours
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48
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Type of Activity
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Core compulsory activities
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Teacher
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Severini Simone
(syllabus)
Part A. Characteristics and evolution of the markets of agricultural and food products (3 credits)
A.1. The structure of the agro-food system.
A.2. Evolution of the market and of the prices of the agricultural products.
A.3. Italian agri-food trade balance.
Part B. Agricultural policy (3 credits).
B.1. Introduction: origins, objectives and evolution of the Common Agricultural Policy.
B.2. CAP pillar 1: market measures and income support policies.
B.3. CAP pillar 2: rural development policies.
(reference books)
• Malassis L. e Ghersi G.. "Introduzione all'economia agroalimentare". Il Mulino, Bologna (1992). Capitolo 2, pag. 97-107.
• Mariani A. e Viganò E.. "Il Sistema Agroalimentare dell'Unione Europea". Carocci Editore. Roma, 2002. Pagine: 91-114; 175-186.
• CREA (2019). "L'agricoltura italiana conta 2018". Consiglio per la Ricerca in Agricoltura e l’analisi di economia agraria - Centro di ricerca Politiche e Bioeconomia (CREA), Roma. Scaricabile dal sito: https://www.crea.gov.it › ITACONTA_2018_WEB_compl+(2).pdf
• Severini S.. Notes.
• Severini S.. Presentations (slides).
• Veneto Agricoltura. “L’agricoltura al centro. La riforma della PAC 2014-2020”. Quaderno della collana di Europe Direct Veneto n. 15 a cura di A. Frascarelli. Dicembre 2013.
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Dates of beginning and end of teaching activities
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From to |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Oral exam
A project evaluation
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| Module:
(objectives)
The course aims to develop the knowledge and the ability to understand the conditions of profitability and financial sustainability of a farm through the ability to reconstruct:
a. the technical-structural and economic characteristics of the farm, framing and attributing an economic value to the elements of Working Capital, Fixed Capital (here determining the depreciation rates), Third Party Capital, and Net Capital (beginning and end of the administrative year).
b. The value of total revenues, variable costs, added value, gross income, fixed costs, operating and net income, the main taxes and duties applied in agriculture.
c. The availability and work needs of the various company activities.
d. The profitability of the farm with the estimate of capital income and income from work.
e. The general conditions of the equity structure with the relevance of the various types of third party capital and the various types of debt.
f. The financial conditions of farms and their ability to generate cash flows and liquidity to counter the processes of obsolescence and senescence, as well as support the investment process.
All these acquisitions will have to develop knowledge and understanding skills applied to real farms through an ability to design management and investment activities in agriculture, in particular, specifying the Business Plan of an investment project in a farm.
The ability to make independent judgments will be developed by processing the data of a real farm, specifying its balance sheet, income statement and main structural and technical characteristics. Based on those data, the student will have to reconstruct an investment project for that company, verifying its economic and financial sustainability by calculating the indicators of ROI, ROE, ROS, equity indices and financial cash flow indicators. The student must also be able to reconstruct the evaluation of a project through the Cost-Benefit Analysis.
The student's communication skills will be developed by preparing and presenting a report based on Powerpoint slides and relating to the economic and financial condition of the company and the results of the investment project.
The learning skill will be developed and evaluated with reference to the development of an investment project, designed independently and original by the student based on the data of a real farm provided by the teacher.
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Code
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14841-2 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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Credits
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6
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Scientific Disciplinary Sector Code
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AGR/01
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Contact Hours
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48
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Type of Activity
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Core compulsory activities
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Teacher
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DONO Gabriele
(syllabus)
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.
(reference books)
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)
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Dates of beginning and end of teaching activities
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From to |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
A project evaluation
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