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Labor Cost and Value of Citrus Operations with Alternative Technology: Enterprise DCF Approach AgEcon
Iwai, Nobuyuki; Emerson, Robert D.; Roka, Fritz M..
The prospect of immigration policy reform has renewed growers’ concerns of serious labor shortages and cost increases given that a large portion of the workforce is unauthorized for U.S. employment. This concern of labor shortages and cost increases is more serious for specialty crop agriculture which is highly labor intensive. Specialty crop growers may address the problem in various ways, but likely options include adoption of mechanical harvesting. In the current paper we study the citrus industry case and estimate the value for two operational modes (hand and mechanical harvesting) using the enterprise discounted cash flow (DCF) approach. Further we implement a simulation to forecast how the value for each operational mode would change with a change in...
Tipo: Conference Paper or Presentation Palavras-chave: Value; Enterprise DCF approach; Labor cost; Citrus operations; Mechanization; Agricultural Finance; Labor and Human Capital; Q14; J43.
Ano: 2009 URL: http://purl.umn.edu/46836
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