| Agricultural policy and farm management |
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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)
Develop knowledge and skills relating to agricultural policy and the market of agri-food products.
More specifically, the course is aimed at understanding: a) the economic processes that characterize the national and international markets of agri-food products, 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 the 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 operate. In particular, to be able to operate in production activities that take place within the agri-food system and agri-food markets and in professional activities related 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)
Introduction: Transforming our food systems for a sustainable world without hunger.
Part A. Characteristics and evolution of agri-food product markets.
A.1. Structure of the agri-food system (SAA):
A.2. Italian agri-food trade balance:
A.3. Evolutionary trends in the markets and prices of agricultural products:
A.4. Riskiness of business activities:
Part B. Agricultural policy.
B.1. Introductory elements on the Community Agricultural Policy (CAP).
B.2. The first pillar of the CAP (Market and direct income support policies).
B.3. II pillar of the CAP (Rural development policies).
• General part: Definition, objectives and general principles of rural development policy.
• Special part: The structure of the Rural Development Plan of the Lazio Region. Analysis of some measures.
(reference books)
• Messori F. e Ferretti F., "Economia del mercato agro-alimentare". Edagricole. 2010 Pagine: 2-44.
• Mariani A. e Viganò E. "Il Sistema Agroalimentare dell'Unione Europea". Carocci Editore. Roma, 2002. Pagine: 91-114; 175-186.
• CREA (2022). "L'agricoltura italiana conta 2022". Consiglio per la Ricerca in Agricoltura e l’analisi di economia agraria - Centro di ricerca Politiche e Bioeconomia (CREA), Roma. https://www.crea.gov.it/documents/68457/0/ITACONTA+2022_ITA_WEB.pdf/e1c4f49f-5fc4-12eb-180a-07327db02f90?t=1671525618819
• Severini S.. Appunti.
• Severini S. Presentazioni varie.
• Sotte F. “La politica agricola europea. Storia e analisi”. Firenze University Press. 2023. - https://agriregionieuropa.univpm.it/it/content/journal/la-storia-della-pac
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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
An internship assessment
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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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