1. Basic principles of organization and management of agricultural holdings and different operation stages
2. Estimation of production costs of intermediate and final sectors of production of an agricultural holding.
3. Economic results/outcomes of agricultural holdings and economic efficiency of the agricultural activity
4. Analysis of agricultural technical data in crop and animal production
5. Analysis of agro-economic data in crop and animal production
6. Operation analysis of agricultural holdings (group analysis) with applications in livestock farms.
7. Separated analysis of different factors of production. Analysis of the use of agricultural machinery. Costs of maintenance and operation of agricultural machinery
8. Separated analysis of factors of production. Human labour utilization analysis (calculation of necessary and actual utilized labour).
9. Production planning in Agricultural holdings and decision Making under certainty. The Agricultural Budgeting method (Crop / Animal Production Budgeting, Partial and Total Agricultural Budgeting)
10. Production planning in Agricultural holdings and decision Making under certainty. The method of simplified programming.
11. Production Planning of Agricultural Holdings and Decision Making under Uncertainty Conditions. The Linear Programming Method (Graphic Method, Simplex Algorithm, Big M Method, Dual Problem)
12. Agricultural Production Planning and Decision Making under Uncertainty Conditions. Concept, significance, sources of origin and methods of mitigation of risk and uncertainty on agricultural holdings
13. Production Planning and Decision Making under Uncertainty Conditions. Sensitivity analysis, Decision tree, Table of expected revenues)
A combination of teaching and learning methods will be used, aiming at the active participation of the students and the practical application of the thematic units under examination; there will also be lectures using audiovisual media, discussions, and analyses of case studies on real business issues, experiential (group) activities, as well as projections of relevant videos.
The students will also undertake an individual or group project.
Furthermore, articles, audiovisual lecture materials, web links/addresses, useful information, case studies and exercises for further practice are posted in digital form on the AUA Open e-Class platform.
The aim of the course is:
to complete the technical and economic analysis of crop and livestock farms, to examine their operation and to analyse their decision-making process. It is a continuation of the course: "Organization and Management of Agricultural Holdings I". In particular, this course
Upon successful completion of the course the student will be able to:
• understand the necessity of keeping records on technical and economic figures for the implementation of technoeconomic analysis of agricultural holdings with basic and intermediate production sectors (livestock farms, in particular) and for the subsequent estimation of production costs and economic outcomes in such cases
• understand the evaluation process of the technical and economic operation of the livestock farms and to become familiar with the available methods.
• understand the decision-making process on farms under conditions of certainty and uncertainty and to utilize the suitable corresponding methods/tools in each case.
Suggested bibliography in Greek Language:
Σπαθής Π., Τσιμπούκας Κ., «Οικονομική των επιχειρήσεων. Με εφαρμογές στις επιχειρήσεις Τροφίμων και Γεωργίας», Ελληνοεκδοτική, Αθήνα, 2010
Κιτσοπανίδης Γ., «Οικονομική Γεωργικών Εκμεταλλεύσεων, Γεωργική Μικροοικονομία, Β’ Εκδοση», ΕΚΔΟΣΕΙΣ ΖΗΤΗ, Θεσσαλονίκη, 2010
Διαχείριση Αγροτικών Εκμεταλλεύσεων, Peter L. Nuthall, εκδόσεις Προπομπός, Αθήνα 2019
Suggested bibliography in English Language
Nuthall, P.L., 2016. Farm business management: the fundamentals of good practice. CABI.
Edwards, W., Duffy, P. and Kay, R., 2015. Farm management. 9th Edition, McGraw-Hill Higher Education
Related Academic Journals:
Agricultural Systems, ISSN: 0308-521X
Journal of Agricultural Economics, ISSN:1477-9552
Agricultural Economics Review, ISSN: 1109-2580
European Review of Agricultural Economics, ISSN: 0165-1587
Agribusiness: an International Journal, ISSN: 1520-6297
Journal of Agribusiness in Developing and Emerging Economies, ISSN: 2044-0839
Instructor notes
