Peculiar features of economic evaluation of investment projects on industrial processing of animal by-products

During the implementation of the projects on industrial processing of animal byproducts it extremely important to take into account the peculiar features of the technological process of processing animal by-products to ensure the safety of manufactured products and all stages of the production process. In order to do this it is necessary to identify the potential risks which will influence the projects on utilization of animal by-products and to strictly follow the legal requirements in this field. While implementing the projects in processing animal by-products special attention should be paid to adaptation of technological process to the current world trends and requirements of the industries of the agricultural complex. The main task in the implementation of the projects on industrial processing of animal byproducts is to encourage investors while implementing the projects, the opportunities to decrease the risks, and to receive a full economic justification for making capital investments in projects of this type. The authors suggest a method of calculation of economic effectiveness of investment projects on industrial processing of animal by-products which includes taking into account the risks on the basis of cumulative calculation of the discount rate. In particular, it is proposed to consider environmental, scientific research, regulatory and economic risks. Application of this method in the implementation of the projects on industrial processing of animal by-products will allow both providing objective evaluation of economic and environmental effectiveness of the projects and encouraging investors to participate in the projects of this type.