Economic efficiency of an investment project for the laying (restoration) of protective forest strips in the Dinsk district

The purpose of the study is to substantiate the economic efficiency and riskiness of an investment project for laying (restoring) shelterbelts on the example of the municipality Dinskoy district of the Krasnodar Territory, located on the territory of the fifth alluvial-loesslike flat landscape with plowed steppes. An analysis was made using GIS technologies of the current state of the existing field-protective forest belts in the territory under consideration, the areas of their laying and the volume of necessary repair work were determined. A project for laying (restoring) a system of field-protective forest belts has been developed, the amount of necessary capital investments in forest reclamation measures has been determined, and expected indicators of efficiency and riskiness of investments have been calculated. In the course of the study, it was taken into account that without timely work to restore forest belts, the yield of winter wheat, the main agricultural crop in the region, could be reduced by 30–70 % in the long term, which would result in large losses in cash receipts and profits for commodity producers. It has also been proven that for the effective implementation of the proposed project, it is important to provide state subsidies for at least 30 % of the amount of capital investments incurred