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

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Listed:
  • Iwai, Nobuyuki
  • Emerson, Robert D.
  • Walters, Lurleen M.

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.

Suggested Citation

  • Iwai, Nobuyuki & Emerson, Robert D. & Walters, Lurleen M., 2008. "Labor Cost and Technology Adoption: Real Options Approach for the Case of Sugarcane Mechanization in Florida," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6758, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6758
    DOI: 10.22004/ag.econ.6758
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    References listed on IDEAS

    as
    1. Napasintuwong, Orachos & Emerson, Robert D., 2004. "Labor Substitutability In Labor Intensive Agriculture And Technological Change In The Presence Of Foreign Labor," 2004 Annual meeting, August 1-4, Denver, CO 20048, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    3. J. Edward Taylor, 1992. "Earnings and Mobility of Legal and Illegal Immigrant Workers in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(4), pages 889-896.
    4. Sabrina Isé & Jeffrey M. Perloff, 1995. "Legal Status and Earnings of Agricultural Workers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(2), pages 375-386.
    5. Engel, Phoebe D. & Hyde, Jeffrey, 2003. "A Real Options Analysis of Automatic Milking Systems," Agricultural and Resource Economics Review, Cambridge University Press, vol. 32(2), pages 282-294, October.
    6. Janis M. Carey & David Zilberman, 2002. "A Model of Investment under Uncertainty: Modern Irrigation Technology and Emerging Markets in Water," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(1), pages 171-183.
    7. Engel, Phoebe D. & Hyde, Jeffrey, 2003. "A Real Options Analysis of Automatic Milking Systems," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 32(2), pages 1-13, October.
    8. Iwai, Nobuyuki & Emerson, Robert D. & Walters, Lurleen M., 2006. "Legal Status and U.S. Farm Wages," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35335, Southern Agricultural Economics Association.
    9. Emerson, Robert D., 2007. "Agricultural Labor Markets and Immigration," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 22(01), pages 1-10.
    10. repec:cdl:agrebk:677103 is not listed on IDEAS
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    Keywords

    Crop Production/Industries; Labor and Human Capital; Research and Development/Tech Change/Emerging Technologies;
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