Rational use of the natural potential of subarctic regions for sustainable territorial development

Abstract

The issues of food security and sustainable development of territories are of particular relevance nowadays. From this perspective, analyzing the sustainable use of the natural potential of regions is a priority for the global scientific community. The challenges of improving food security and achieving sustainable territorial development in the subarctic regions are particularly significant against the backdrop of ongoing changes in the natural and climatic conditions. Sustainable development of the subarctic regions requires the sustainable use of natural resources, preservation of natural potential, access to natural and cultural treasures, and consideration of the interests and opinions of the population and businesses in the planning of the social and economic development of the territories. This paper presents a plan for the establishment of a peasant (farm) enterprise located in the subarctic region. The profitability of the peasant (farm) enterprise in question was 18%, with a payback period of 5.5 years. The results of the study can be used in the implementation of regional SME development programmes.