AGRICULTURAL
UNIVERSITY OF ATHENS
Department of Agribusiness
& Supply Chain Management

5701 - Farm Management I

Content

  • Concept, definition, content and aim of farm management. Relationship of Farm Management with other sciences
  • Agricultural and Livestock farms: concepts, definitions, characteristics, categories, types, life cycles, farmers’ objectives, relationship with other economic institutions/organisations
  • Typology of agricultural holdings: concept, definition, methodologies (EU, USA)
  • Organization Plan: Concept, definition, content
  • The operations of farm management: design, implementation, control. Applications of farm management. The decision-making process in farm management.
  • Acquisition and management of labour, land and capital
  • Asset valuation methods (land, annual crops in progress, perennial plantations)
  • Asset valuation methods (agricultural machinery, agricultural constructions and land improvements)
  • Methods for estimating the value of productive animals
  • Concept, definition, estimation of production costs,
  • Concept, definition, estimation of financial results-income-income,
  • General principles of costing, costing methods, costing techniques
  • Cost types, cost categories 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.

  • Learning results

    The aim of the course is: 

    The knowledge and understanding of the concepts, definitions and methodologies of farm management and their application for the analysis of crop and livestock sectors with the aim of compiling Organization Plans. Students acquire the ability of decision making by problem solving in the adoption of agricultural and livestock sectors, by determining the type and quantity of the required primary production factors, and by ensuring the operation of the farm in its respective technical, economic and environmental conditions.
    The students also acquire the ability to estimate the value of the agricultural holding's assets.
    Finally, students gain the knowledge to estimate production costs and become familiar with the pricing of agricultural products. In this way, students can provide practical solutions to practical cost minimization issues.

    Upon successful completion of the course, the student will be able to:

    • understands the concept, operation and characteristics of agricultural holdings,
    • understands and to utilise decision-making methodologies to find the optimum strategy and the most efficient way to organize and manage agricultural holdings,
    • become familiar with the concept of (primary) production factors and their management,
    • analyzes and calculates production costs and financial results of agricultural holdings,
    • acquire the necessary knowledge to assess the value of the assets of the agricultural holding

    Bibliography

    Suggested bibliography in Greek Language:
  • Οργάνωση και Διαχείριση Γεωργικών Εκμεταλλεύσεων, Σ. Τσουκαλάς, εκδόσεις Στοχαστής, Αθήνα 2010.
  • Οικονομική Γεωργικών Εκμεταλλεύσεων, Γεωργική Μικροοικονομία, Β’ Έκδοση, Κιτσοπανίδης Γ., ΕΚΔΟΣΕΙΣ ΖΗΤΗ, Θεσσαλονίκη, 2010
  • Διαχείριση Αγροτικών Εκμεταλλεύσεων, Peter L. Nuthall, εκδόσεις Προπομπός, Αθήνα 2019
  • Οικονομική Παραγωγής Γεωργικών Προϊόντων, Παπαναγιώτου Ευάγγελος εκδόσεις ΓΡΑΦΗΜΑ, Θεσσαλονίκη 2010

    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 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

  • Faculty

    2262022569 (Office Hours: Tuesday 13.00-15.00 and Friday 11.00-13.00)
    aliontakis@aua.gr
    Assistant Professor. According to Google Scholar, his published work includes 50 publications in the […]

    NEWSLETTER

    The Department was created in 2019 (article 20, Law 4589/2019) and is an evolution of the Supply Systems Management Department (D.S.E.). Housed in a 770 sq.m. building. within a plot with a total area of 8,000 sq.m. in facilities with extensive research and teaching spaces.
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