Labor Cost and Technology Adoption: Real Options Approach for the Case of Sugarcane Mechanization in Florida

Nobuyuki Iwai, Robert D. Emerson and Lurleen M. Walters

No 6758, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: Specialty crop farmers have expressed concern about labor shortages and cost increases which may arise with immigration reform. The large-scale mechanization of the Florida sugarcane harvest during the 1970s/80s serves as an historical example of how technologies evolved due to changes in local labor market conditions.

Keywords: Crop Production/Industries; Labor and Human Capital; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 32
Date: 2008
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaed:6758

DOI: 10.22004/ag.econ.6758

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