Climate is changing and in the California Central Valley much of that change has been warmer low temperatures at night. In 2020, you are planting a new orchard of pistachio trees that will reach full production during years 2030 through 2070. You expect winter nighttime lows to rise and reduce the future expected chill-hours that are likely to reduce average annual yields by 10% starting in 2050.

1. A new variety of pistachio tree that does not need such a cool winter and would not suffer any deficit in chill hours, but this new variety will have 5% lower yield in every year (2030-2070).

a.) Based on the information given, explain why you would still choose to plant the older variety that will likely have 10% lower yields in the last 20 years of its full production years 2030-2070. What is the key piece of analysis you used?