Table 4 Attribute vectors for sensitivity analysis 1—“Scenario Favorability”
Sensitivity analysis | ||||||
|---|---|---|---|---|---|---|
1. Scenario favorability | 2. Net returns | 3. Cost share | ||||
Variable | Description | Low | Medium | High | ||
\(S_j\) | Equal to 1 if oilseed has improved shatter resistance, equal to 0 if it does not. | 0 | 0 | 1 | 0 | 1 |
\(T_j\) | Equal to 1 if oilseed exhibits pest tolerance and resistance, equal to 0 if it does not. | 1 | 1 | 1 | 1 | 1 |
\(W_j\) | Equal to 1 if oilseed exhibits winter hardiness, equal to 0 if it does not. | 0 | 1 | 1 | 1 | 1 |
\(C_j\) | Equal to 1 if oilseed allows for extended direct combine harvest, equal to 0 if it does not. | 0 | 0 | 1 | 0 | 1 |
\(R_j\) | Percent net returns above net returns to wheat. | Base | Base | Base | Variable | Base |
\(L_j\) | Length of contract in years. | 1 | 1 | 1 | 1 | 1 |
\(I_j\) | Equal to 1 if crop insurance is available, equal to 0 if it is not. | 0 | 1 | 1 | 1 | 1 |
\(O_j\) | Percent of input costs covered by the biorefinery or processor. | 0 | 15 | 30 | 15 | Variable |
\(G_j\) | Equal to 1 if “Act of God” clause is included, equal to 0 if it is not. | 1 | 1 | 1 | 1 | 1 |