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