Table 2.
Variable used in the simulation model to calculate the NPV of the Net Benefits associated with the CSA practices.
Variables | Attribute | Explanation |
---|---|---|
Implementation cost | Random | The implementation cost is considered random to capture the variability in production technologies among farmers in the area of study |
Maintenance cost | Random | The maintenance cost is considered random to capture the variability in production technologies among farmers in the area of study |
Yield price associated with crops (cereals, legumes and vegetables) and livestock (cattle, sheep and goats) | Non-random | Based on the information collected via the household survey, the variation of crop prices per unit had very minimal variation across the farms |
The response of yield from the crop (cereals, legumes and vegetables) and livestock (cattle, sheep and goats) | Random | The yield associated with different crops vary across farms and this variation is determined largely by the impact that the adopted CSA have on different crops. It was considered random to capture the large degree of uncertainty around its true value |
Practice lifespan, time for physical response parameters (t1 and t2) and the discount rate. | Non-random | The lifespan associated with the CSA practices being studied was provided by the attribute of the practice itself and is therefore nonrandom. |