| Agricultural Economics
(objectives)
The student must acquire a knowledge of the general characteristics of Italian agriculture and of the farm system that characterizes it. In addition, he must acquire knowledge of the technical-structural and economic characteristics of farms. He must learn the criteria for attributing an economic value to the elements of Working Capital, Fixed Capital (here determining the depreciation rates), Third Party Capital, and Net Capital (start and end of the administrative year). In the same way, the student has to learn the criteria for correctly defining the value of the Income, of the Variable Costs, of the Added Value, of the Gross Income, of the Fixed Costs, of the Operating and Net Income, of the main Taxes and taxes applied in agriculture. The same applies to the specification of the labour availability and requirement generated by tha farm activities. With these elements, the student has to learn how to determine the profitability of the farm by estimating the income to capital, and the income to labour. Finally, the student must be able to carry out an economic analysis of the individual activities of the farm, computing the production costs of each of them and their contribution to overall profitability.
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Code
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15191 |
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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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Related or supplementary learning activities
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Teacher
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DONO Gabriele
(syllabus)
EVALUATION OF THE ECONOMIC RESULTS OF FARMS
CHARACTERISTICS OF ITALIAN AGRICULTURE: MAIN RESULTS OF THE 2020 CENSUS
THE AGRICULTURAL BUSINESS AND ITS TYPES.
Introduction.
Classifications of production factors used by the farms.
Capital in the economic analysis of the farms.
- Land Capital
- Working Capital.
Labour.
- permanent and temporary employment (labour costs)
- family employment (explicit and implicit costs)
Main Taxes, Duties and Contributions paid in Agriculture
- Income Taxes (IRPEF and IRES).
- Irpef Surcharges
- Value Added Tax (VAT)
- Municipal Property Tax (IMu)
- Regional Tax on Productive Activities (IRAP)
Concluding remarks
ASSESSMENT OF FARMS ECONOMIC RESULTS ACCORDING TO THE CIVIL BALANCE SHEET APPROACH
THE RECLASSIFIED ECONOMIC BALANCE SHEET.
THE BALANCE SHEET.
The Assets of the Balance Sheet
- Working Capital
- Fixed Capital
- Liabilities of the Balance Sheet
- Third-party Capital
- Net Capital
- Assessment of Invested Capital.
- Determination of Depreciation Quotas
- Changes in the Balance Sheet in the Administrative Year.
THE PROFIT AND LOSS STATEMENT.
- Saleable Production
- Integrations or Public Aid
- Variable Costs, Added Value and Gross Income
- Fixed Costs and Gross Operating Margin
- Operating Income
- Extra-characteristic managements and their results
- The result of extraordinary management
- Net Income
- Summary considerations
THE PROFITABILITY OF THE FARM
- The evaluation of profitability with the estimate of capital income (ROI - ROE)
- The evaluation of profitability with the estimate of income from work (Labour Income/Labour Units)
- AN ECONOMIC ANALYSIS OF THE INDIVIDUAL ACTIVITIES CARRIED OUT BY THE COMPANY
- Revenues, costs and profitability of the individual farm activities
THE ECONOMIC, FINANCIAL AND EQUITY SITUATION IN AN HAZELNUTS FARM
Introduction
- The plots of land of the hazelnut farm
- The hazelnut farm's tree plantations.
- The buildings and land improvements.
- The driving and operating machines.
- The available family labor.
- The economic balance sheet of the company
- The balance sheet.
- The income statement
- Rewarding the factors provided by the entrepreneur and his family.
- The analysis by economic indices of the hazelnut farm.
- AN ECONOMIC ANALYSIS OF THE INDIVIDUAL ACTIVITIES CARRIED OUT BY THE HAZELNUT FARM
- revenues, costs and profitability of the individual plots of hazelnut grove, vineyard, olive grove, chestnut grove, and grassland.
(reference books)
Economics and Management of Agricultural Business, Gabriele Dono, 2024 publisher Fernandez, Viterbo
- part 1 - basic elements for economic, equity and financial analysis in agricultural businesses.
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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
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