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 2021
- Offered
- 2023/24
- 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 |
|
| 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 | 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. |
| Obiettivi Agenda 2030 per lo sviluppo sostenibile | Agricultural policies for sustainable development |
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 | 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 |
| 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) |
| Other information | Frequency: optional but reccomended |
| 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). |
| Obiettivi Agenda 2030 per lo sviluppo sostenibile |