The payback period of investment projects in the agricultural sector has been reduced by an average of five years from 2014, said Artem Belov, executive director of Soyuzmoloko (the national union of milk producers), at the IV International Agro-Industrial Dairy Forum.
"We must admit that, despite the existing problems in the industry, the investment potential of the agricultural sector is growing steadily. The payback period of investment projects in the industry over the past three years has decreased from 13-15 years to 7-8 years - more than five years. This is a very good indicator," Belov said.
He also added that the rise in prices for dairy products helped producers in the dairy sector to more easily survive the economic crisis. "Since 2013, prices for dairy products have increased significantly - the cost of milk increased by almost 70%, which helped producers to save profits," Belov said.
Source: agro.ru.
