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Unit RURAL APPRAISAL

Course
Animal science
Study-unit Code
80000506
Curriculum
In all curricula
Teacher
Gaetano Martino
Teachers
  • Gaetano Martino - Didattica Ufficiale
Hours
  • 60 ore - Didattica Ufficiale - Gaetano Martino
CFU
6
Course Regulation
Coorte 2017
Offered
2018/19
Learning activities
Caratterizzante
Area
Discipline gestionali e di sostenibilità
Sector
AGR/01
Type of study-unit
Obbligatorio (Required)
Type of learning activities
Attività formativa monodisciplinare
Language of instruction
Italian
Contents
Appraisal methodology: the assessment procedures assumptions ; appraisal method; economic characterization of goods and resources; appraisal procedures. The appraisal investigation and process. Appraisal Report. The evaluation of the land and of the farm. The evaluation of the cost of animal feeding and of genotypes.
Reference texts
Testi di riferimento TESTI_RIF Sì V. GALLERANI, G.ZANNI, D.VIAGGI, Manuale di Estimo, McGrawHill, 2004
2. I.MICHIELI, Fondamenti di Estimo, Bologna, Edagricole, 2003.
Materiale fornito dal docente

C. FERRERO, La valutazione immobiliare, Egea, Milano, 1996 (Consultazione)
ZUCCHI G., Zooeconomia. Economia del sistema delle produzioni animali, Avenue Media, Bologna, 2006. (consultazione) V. GALLERANI, G.ZANNI, D.VIAGGI, Manuale di Estimo, McGrawHill, 2004
2. I.MICHIELI, Fondamenti di Estimo, Bologna, Edagricole, 2003.
Materiale fornito dal docente

C. FERRERO, La valutazione immobiliare, Egea, Milano, 1996 (Consultazione)
ZUCCHI G., Zooeconomia. Economia del sistema delle produzioni animali, Avenue Media, Bologna, 2006. (consultazione)
Educational objectives
General knowledge of the appraisal process, with elements of bsic knowledge needed to analyze an to represent problems and to use the basic instruments needed to plan, to manage and to control the animal production farm. Rural appraisal and cadastral practice. Environmental Impact Analysis. Principles of data collection in legal evaluation. Financial advising activity aimed to access public funding.
Prerequisites
The student has to have fruitfully attended at the lecturing of a course of Agricultural Economics The following are necessary knowledge to attend effectively at this Module lecturing: a) concepts of production function, supply, demand, price, cost, market equilibrium, economic system; b) economic classification of the goods (private, public, common and club goods); c) notion of farm and agricultural enterprise, agricultural productive factors; d) balancesheet of the agricultural enterprise.
Teaching methods
The teaching activity is articulated in lectures (42 hours) and practice classroom exercises (18 hours). The The lectures concerns the programme contents. The teaching tools are provided by the teachers by Moodle.
For each topic, the students are expected to carry out a self-evaluation close-ended test in the classroom (duration 5 minuts). After the completion, the test will be made available, to study purposes, by Moodle. In particular the test concern:
Test 1: Financial Mathematics defintions
Test 2 Private Investment Analysis
Test 3: Appraisal definition and principles
Test 4: Criteria and procedures for the evaluation of private goods and services
Test 5: Comparative evaluation of an agricultural real estate
Test 6: Methods of evaluation of environmental goods
Test 7: Multicriteria Analysis
The practice excercises concerns:
Financial calculus and economic-financial analysis of private investment project in agribusiness field (6 hour) Comparative evaluation of an agricultural real estate (6 hour)
Multicriteria analysis of environmental goods (6 hour)
Learning verification modality
The examination will be managed by through an oral test with the joint discussion of a brief individual written dissertation (Individual Report). The oral test concerns with an about thirty minutes discussion aimed at verifying the degree of knowledge and of understanding achieved by the student about the methodological contents of the Module. Moreover, the oral test aims at verifying: a) the student’s capability to identify the specific characteristics of the evaluation problems; b) the level of correctness in using the technical language specific of the Module.
The brief individual written dissertation consists on the elaboration of the evaluation of a private investment and it has to be carried out by the student by the systematic supervision of the Teacher. The dissertation is aimed at verifying the student degree of achievement of competences. The dissertation has to be produced during the Module lecturing period. The dissertation report (Individual report) has to be completed and submitted to the teacher by the end of the Module lecturing period.
The final evaluation of the student examination will be made by the average evaluations achieved in the oral tests and in the dissertation report: the oral test will be weighted by 5 credits and the dissertation report will be weighted by 1 credit (see the Programme section for details). In particular, the Individual Report will be evaluated with respect to the following criteria: a) completeness; b) accuracy; c) expertise; d) originality; e) clarity.
Extended program
The course has the objective to allow the students to achieve the knowledge of the basic methodological principles and instruments designed for the evaluation practice in the assessment of private goods in the context of animal production systems. The course also provides an introduction to the assessment of the public goods. The course enables the students with basic capabilities needed to the operational representation of the appraisal problems and to the technical, economic and appraising qualification of practical problems. The course also provides the basic knowledge to carry out the appraisal process and to elaborate and to write an appraisal report.
LEZIONI FRONTALI
Definition: interest, rate of interest, financial operation, interest regimes. Simple interest regime: calculus of interest, final amount, calculus of discount. Compound interest regime: calculus of interest, final amount, calculus of discount. Classification of the yearly financial quantities: constant and variable; anticipated and posticipated; limited, illimited. Final, initial and intermediate financial sum. Financial calculus of the restoration. Mortrage calculus. Polyannual financial values: definition, classification, final sum. Financial evaluation of the investments: Net Present Value, Internal Rate (1 CFU). Definition of Appraisal. Ordinary and Legal Appraisal. Field of interest of the Rural Appraisal. Definition of practicalevalutation. Apraissal time term of reference. Appraisal postulates: price postulate, aim postulate, comparison postulate, normality postulate. Economic aspects of the goods: market value, cost value, transformation value, complementary value, surrogate value, capitalization value, Total Economic value. Evaluation process. Topics of the practical training: Appraisal Report. Evaluation models: land and farm appraisal; production cost estimate Definition and stages of the evaluation process. The appraisal data sources. Synthetic appraising procedures: direct evaluation, historical evaluation, direct comparison, normal values evaluation, Market Comparison approach. Analytical appraisal approach: Income Capitalization Approach (1 CFU)
Evaluation models: definition, Model of the market value appraisal, Model of the evaluation of agricultural buildings. Model of evaluation of the animal feeding (1 CFU)
PRACTICES
Practice concerning the simple and compound interest. Calculus of the yearly financial quantities: constant and variable; anticipated and posticipated; limited, illimited. Final, initial and intermediate financial sum. Financial calculus of the restoration of technical goods. Mortrage calculus. Polyannual. Financial evaluation of the investments in animal production: Net Present Value, Internal Rate (1 CFU).

Evaluation inquiry: Appraisal of farm and land, agricultural buildings and production costs. Elaboration of an appraisal report. (1 CFU).
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