Unit AGRO.FOOD ECONOMICS AND RURAL APPRAISAL
- Course
- Agricultural and environmental sciences
- Study-unit Code
- 80001512
- Curriculum
- Agricoltura sostenibile
- Teacher
- Antonio Boggia
- CFU
- 12
- Course Regulation
- Coorte 2020
- Offered
- 2022/23
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa integrata
AGRO-FOOD ECONOMICS AND RURAL APPRAISAL
| Code | 80005606 |
|---|---|
| CFU | 6 |
| Teacher | Angelo Frascarelli |
| Teachers |
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| Hours |
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| Learning activities | Caratterizzante |
| Area | Discipline economiche estimative e giuridiche. |
| Academic discipline | AGR/01 |
| Type of study-unit | Obbligatorio (Required) |
| Language of instruction | Italian |
| Contents | Agricultural company and agricultural enterprise (CFU 2,0) Factors of agricultural production, macroeconomic view (CFU 0,5) Agro-industrial system. Food demand and food consumption. Agrofood systems and supply (CFU 1,0) Transactions between components of the agrofood system (CFU 0,5) Common Agricultural Policy (CFU 1,5) Constraints and opportunities for the agricultural and food system Food quality policies (CFU 0,5) |
| Reference texts | Material provided by the teacher. Malassis L., Ghersi G. (1992), Introduzione all'economia agroalimentare, Il Mulino, Bologna. Bruni F., Franco S. (2013), Economia dell’impresa e dell’azienda agraria, Il Mulino, Milano. Commissione europea, Come funziona l'Unione europea, Ufficio delle pubblicazioni ufficiali delle Comunità europee, 2014, Bruxelles. |
| Educational objectives | This Course aims to provide students with a wide knowledge of the agricultural and food system, its components and its relations with the whole economic and political system, both Italian and international. It considers the elements of agricultural production in their microeconomic and macroeconomic aspects and how to prepare budget and financial statement for a farm. It analyses the components of modern agro-industrial system (production, processing, distribution, consumption), the relationship between its players, constraints and opportunities. The students will learn basic knowledge about objectives and instruments of public intervention in the agricultural and food sector, at both EU and national levels, and about food quality policies. |
| Prerequisites | In order to properly understand the contents of the Course, you must have successfully supported the examination of Economics Institutions. |
| Teaching methods | Classroom lessons: 42 hours Classroom exercises: 10 hours Seminars with external experts: 2 hours Educational visits: 6 hours Projection of videos during the lessons |
| Other information | Other activities: - Visits to farms. - Visits to food-processing cooperatives and plants, agricultural services companies. - Workshops and seminars. |
| Learning verification modality | Ongoing tests: yes – reports on practical case studies, prepared using both MS Word and MS Excel. Final written test: 30 multiple-choice questions – time 15 minutes Final oral exam: 8 questions about theoretical aspects of the module issues, in order to assess the student’s knowledg and comprehension, together with his/her ability of exposition – time 45 minutes ca. Ongoing test assessments: multiple-choice tests. Assessment at the end of some lessons or practical exercises. Individual written reports home-based: yes, as an alternative to the ongoing classroom exercises. |
| Extended program | Farm and agricultural enterprise (2,0 credits) Factors of production. Farm and agricultural enterprise. Types of companies. Agricultural companies in Italy and their size distribution. Types of enterprises. Types of management. Structural and comparative analysis of Italian agricultural companies. The budget as a tool for analysis. How to calculate economic results of an agricultural company. Factors of agricultural production: macroeconomic aspects (0,5 credits) Land. Land property in Italy. Land reorganisation and land reforms. Agricultural rent. Capital: circulating capital and fixed capital. Agricultural machinery and their operating costs. Livestock. Labour in agriculture. Rural population and agricultural population. Employment in agriculture. Peculiarity of agricultural employment and labour. Evolution in the Italian agricultural system. Agro-industrial system. Food consumption and food demand. Agrofood systems and supply (1,0 credits) Components of the Italian agro-industrial system. Instruments for analysing the agro-food system. Balance of food sector. Aspects of food demand. Food consumption. Aspects of agricultural and food supply. Food industry. Dinamycs of enterprises in the agro-industry. Food distribution. Types of producer organisations. The agricultural and food system in Italy. Main agro-food subsectors. Competitiveness in agro-food subsectors. The industry of technical means for agriculture. Farmers' professional organisations. Services for agriculture. Transactions between components of the agro-food system (0,5 credits) The setting of basic prices on the agricultural market. Relationship between the components of a subsectors. Types of horizontal and vertical integration in agriculture. Cooperation and organisations in agriculture. Contract economics. Common Agricultural Policy (1,5 credits) The European Union: its institutions and policies. The Common Agricultural Policy (CAP): market policy. Forms of price controls, market stabilisation and income stabilisation. CAP stages and evolution. Evolution of the EU market policy. The MacSharry Reform. Agenda 2000. The CAP reform in 2003. Decoupling. The new CAP 2014-2020. Food quality policies (0,5 credits) Mandatory and non-mandatory rules regarding food quality. Protected designations of origin (PDOs). Organic agriculture. Traceability. Practical exercises on: 1. Depreciation expenses. 2. Descriptive report of an agricultural company. 3. Crop budget. 4. Budget and financial statement for the agricultural company. 5. Extraction and processing of statistical data from databases 6. Food prices: data gathering in the food distribution chains. |
RURAL APPRAISAL AND ACCOUNTING
| Code | 80119106 |
|---|---|
| CFU | 6 |
| Teacher | Antonio Boggia |
| Teachers |
|
| Hours |
|
| Learning activities | Caratterizzante |
| Area | Discipline economiche estimative e giuridiche. |
| Academic discipline | AGR/01 |
| Type of study-unit | Obbligatorio (Required) |
| Language of instruction | Italian |
| Contents | The Module presents a set of evaluation methods of professional relevance. Firstly, the basic notions of financial calculation necessary for the purposes of evaluations are provided. Then we move on to illustrate the problem of evaluating private goods and services and to present the corresponding evaluation methods. Therefore specific evaluation cases are addressed. Subsequently, the problem of evaluating environmental assets is considered, due to their relevance in the agro-industrial production and consumption processes and in rural economies. The specific methods of evaluation of these goods are therefore presented. |
| Reference texts | 1- MICHIELI M., CIPOLOTTI G., Trattato di Estimo, Edagricole 2018. 2-V. GALLERANI, G.ZANNI, D.VIAGGI, Manuale di Estimo, McGrawHill, 2008 (con casi di studio online) 3- Materials managed by the Teacher |
| Educational objectives | The objective of the Module is to provide the student with the basic knowledge in terms of: • Methodological principles and tools for evaluation; • Fundamentals for the analysis of private and public investment projects; • Evaluation methods of private and public goods and services; • Basic knowledge of the evaluation of environmental assets. The main skills (ability to apply the acquired knowledge) will be: • to elaborate the economic-financial analysis of a private and public investment project (professional level) • carry out the market evaluation of a rustic fund (professional level) • develop a simple multi-criteria analysis (first level of learning) • draw up a simple environmental impact assessment (first level of learning) |
| Prerequisites | The student has to pass the examination of Economics (istituzioni di Economia). Moreover, it useful to have fruitfully attended at the lecturing of the first Module Agricultural Economics and Policy (Economia e Politicca Agraria) or, alternatively, it useful to cope with study of the analysis of the economic and financial outcomes of the agricultural enterprise. The following are necessary knowledge to attend effectively at this Module lecturing: a) concepts of production function, supply, demand, price, cost, market equilibrium; 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 carried out through lectures (42 hours), individual exercises and in the classroom (total 18 hours) The course is organized in classroom lectures on the topics listed in the program (42 hours) and with exercises in the classroom on the topics covered. The teaching material is made available by the teacher through Unistudium. The exercises cover: Evaluation of private investments in agro-industry and rural activities (6 hours); Multicriteria analysis of environmental goods (6 hours); Environmental impact analysis of environmental goods (6 hours) |
| Other information | Frequency recommended Venue Classroom of the Department of Agricultural, Food and Environmental Sciences, University of Perugia |
| Learning verification modality | The examination will be managed through an oral exam of about 20 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. |
| Extended program | a-Frontal lectures (42 hours) 1. Financial mathematics, financial calculation and investment evaluation 1.1 Motivation for the use of financial mathematics. Definitions of interest, interest rate, financial transaction, interest rates. 1.2 Simple interest regime: calculation of interest, amount and discount. Compound interest regime: calculation of interest, amount and discount. 1.3 Annuality: definition. Classification of annualities: constants and variables; postponed and anticipated; limited and unlimited. Accumulation problems: final accumulation; initial accumulation, intermediate accumulation. Calculation of the reintegration fee with financial calculation. Mortgage amortization plan. 3. General and rural appraisal (16 hours) 3.1. The problem of evaluation: general characteristics and relevance in agro-industrial production and supply systems. 3.1.2 Definition of appraisal; price and value; characters, moment and purpose of the estimate. 3.1.3 Appraisal postulates and economic aspects of goods. 3.1.4 Appraisal procedures and estimation process. 3.1.5 Appraisal of farm 4. Evaluation of environmental goods (10 hours) 4.1 The problem of the evaluation of environmental goods: general characteristics and relevance in agro-industrial production and supply systems. 4.2 Sustainable development and implications for evaluation 4.3 Environmental assessment procedures 4.4 Classification of evaluation methods. 5. Evaluation of private and public investments (8 hours) Exercises (18 hours) Financial calculation and economic-financial analysis of a private agro-industrial investment project Classroom exercises: Multicriteria analysis (first level of learning); Environmental impact assessment (first level of learning) |