28454 - Appraisal and Management of Greenhouse Firms and Farms

Academic Year 2022/2023

  • Moduli: Maurizio Canavari (Modulo Mod 1) Matteo Zavalloni (Modulo Mod 2) Davide Viaggi (Modulo Mod 3)
  • Teaching Mode: Traditional lectures (Modulo Mod 1) Traditional lectures (Modulo Mod 2) Traditional lectures (Modulo Mod 3)
  • Campus: Bologna
  • Corso: First cycle degree programme (L) in Ornamental plants and landscape protection (cod. 8523)

Learning outcomes

At the end of the course, students acquire the basic knowledge of the main tools for the economic management of companies operating in a dynamic social context, characterized by a marked uncertainty and rapid technological evolution and by the continuous change of the socio-economic framework. The student is able to apply the economic-management tools to support business decisions, with particular reference to those applicable to the nursery sector, as well as those related to the design and maintenance of green areas. It is also able to know the main evaluation criteria to be applied in rural, cadastral, legal and environmental valuation, and can formulate estimates and final financial statements relating to green area projects. Finally, the student acquires the fundamental knowledge relating to the industry-specific legislation and professional ethics.

Course contents


Teaching unit 1 (18 hours)

  1. General Appraisal (6 hours)
    1. The value judgment
    2. Economic aspects and approaches to value. Main and derivative approaches
    3. The Valuation process
  2. Rural appraisal (6 hours)
    1. Overview of the Land and Building Cadastre: objectives, census estimate, revision of the Cadastre.
    2. Agricultural real estate appraisal
    3. Estimating land improvements
    4. Forests appraisal
    5. Estimation of ornamental plants
    6. Appraisal of buildings
  3. Notes on Legal and Environmental Valuation (6 hours)
    1. Notes on the estimates relating to the right to emphyteusis and usufruct
    2. Notes on appraisal of expropriations for public utility
    3. Environmental externalities
    4. Evaluation of environmental assets: indirect and direct criteria

Knowledge acquired unit 1

(a) Knows the correct theoretical approach for the valuation of economic assets in the agricultural and forestry sector, as well as environmental assets

(b) Understands and is able to apply the appraisal procedures to the main case studies that may affect the professional activity of a junior agronomist

c) It is able to support with valid theoretical and applicative arguments the resolution of appraisal cases, with particular reference to those concerning ornamental greenery and the environment.

Teaching unit 2 (12 hours)

Exercises (12 hours)

a. Valuation of agricultural real estate

b. Tree valuation

c. Production cost estimation

d. Project costs calculation

Knowledge acquired unit 2

(a) Correct approach to concrete cases of an estimative nature

(b) A mastery of the approaches to value and the appraisal process for making detailed estimation judgments

(c) Ability to apply the tools designed to solve appraisal case studies






Teaching unit 1 (6 hours)

1. Elements of financial calculation

1.1 Capital, interest and discount

1.2. Periodicity

1.2.1. Annuality

1.2.2. Multiannuality

Knowledge acquired unit 1

a) Knowledge of the correct mathematical-financial approach with regard to the areas covered in the course

(b) Understands the financial calculation formulae and is able to apply them to specific concrete problems

(c) it shall support with appropriate theoretical arguments the use of financial formulae applied to the field of estimation

Teaching unit 2 (12 hours)

2. Management of nursery and agro-forestry enterprises

2.1. Company and enterprise

2.1.1. The agricultural firm

2.1.2. The nursery and agro-forestry enterprise

2.2. External and internal information sources and management of company databases

External and internal sources. Training and use of databases for administrative and management purposes

2.2.2. Accounting as a form of internal information. General accounts, industrial accounts, ancillary accounts and tax accounts

2.3. The basic economic quantities: wealth and income

2.4. Business costs, their classification and use

2.5. Balance sheet

Knowledge acquired unit 2

(a) Knowledge of the correct administrative-accounting approach for green businesses

b) Understands the ratio of assets and income, knows the business costs and is able to read a financial statements for the year

c) it is able to support with appropriate theoretical and applied arguments the fundamentals of good business administration for the companies of reference

Unit 3

3. Exercises (12 hours)

3.1. Exercises on financial calculation

3.2. Exercise on business management

3.2.1. Exercise on the valuation of farm assets

3.2.2. Exercises on the financial statements

Knowledge acquired units 3

(a) Correct approach to concrete cases of a financial and administrative-management nature

b) Mastery of the administrative-managerial instruments and the relative procedures for the administrative-managerial control of the reference companies

c) Ability to apply the tools designed to solve business management case studies.


Training prerequisites

For this teaching the student must have good foundations in mathematics, statistics and agricultural economics. This knowledge is acquired by means of the basic teachings of the first year of the degree program.


At the end of the course the teacher will provide the students specific educational materials (digital format), which integrate the notes taken during the lectures.

The following references are also recommended:


Module 1:

V. Gallerani et al. – Manuale di estimo, McGraw-Hill, 2011


Module 2:

Fabio Antoldi, Economia ed organizzazione aziendale. Introduzione al governo delle imprese, McGraw-Hill Education, 2012 ,ISBN: 9788838667367

Teaching methods

The course is divided into teaching units of which some are theoretical and consist of lectures, while the remaining are made up of specific exercises.

Assessment methods

The learning assessment takes place through a final exam which ensures the acquisition of the expected knowledge and skills by an oral exam at the end of the course.

Teaching tools

Whiteboard, video projector, computer, internet access.

All lessons are conducted with the help of presentations in Microsoft Power Point.

Microsoft Teams is used as the main support for online teaching and as the main communication tool in the classroom.

Links to further information


Office hours

See the website of Maurizio Canavari

See the website of Matteo Zavalloni

See the website of Davide Viaggi


Decent work and economic growth Sustainable cities Climate Action

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.