PARAMETERS OF INVESTMENT RETURN IN DAIRY CATTLE BREEDING IN THE KRASNOYARSK REGION

This study is devoted to the development of methodological and practical foundations for making informed decisions when planning and implementing investment projects in dairy farming. Research presents the analysis of the parameters of return on investment in the industry, develops the factors influencing the return on investment are identified, and recommendations for improving the efficiency of using investment resources. The research methodology included an analysis of key indicators of production, economic and investment efficiency in dairy farming in the Krasnoyarsk Region, calculation of discount rate ranges using a combined WACC and CAPM approach, as well as an assessment of ROI parameters and return on investment for acceptable payback periods. The analysis showed that under the current economic conditions, the payback of projects with a short investment lag (less than 1 year) and high ROI indicators (at least 280 %) and an average effect (at least 280 thousand rubles per 1 million rubles of investment) is achievable, but only over a horizon of 7–10 years. Reducing the discount rate to 20 % can reduce the payback period to 7 years, but does not increase the investment attractiveness of the industry. The main parameters of the payback of investment projects in dairy cattle breeding include high requirements for ROI, the need to optimize investments, an emphasis on short payback periods and taking into account the risks of extensive investments. The transition from extensive to intensive investment methods can become an important condition for the sustainable development of dairy cattle breeding in the region.