Labor shortages have a significant impact on agriculture investment. When there are not enough workers available to tend to crops and livestock, the overall yield and quality of the produce can decrease, leading to a potential decrease in profits for investors. In addition, farmers may incur greater costs as a result of wage increases necessary to recruit workers during times of labor shortages. This may eventually have an effect on agricultural product prices, which may then have an effect on consumer demand and sales. Some farmers have used technology and automated technologies to help with chores that were previously performed by human labor in order to fight labor shortages. New investment opportunities in the agriculture sector may result from this technological change.
The impact of labor shortages on agriculture investment
- Thread starter Johnson2468
- Start date
In developing countries, a lot of youths are looking for white collar jobs that is not available. In Nigeria, there are thousands or millions of graduates that are wasting their time looking for non existent office work where we have a lot of arable land that can be used for farming.
The impact of Labour shortage is adverse because it will affect the growth of the business.
