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Yes, and greatly are the answers. Consider an area of range land suitable for grazing. Without fences, the stock are free to roam, and their grazing is difficult to control. pasture management is essentially absent.

As soon as Fencing is introduced we may manage rotational grazing, which is more productive for the pasture. Additionally, we can reserve some of the gentler land for the difficult seasons of the year. And for when the new born are expected.

In recent times, the arrival of the farm tractor/bulldozer/digger have made for much easier improvements to fencing. All these improvements consume capital, but the productivity improvements in the labour are not to be denied.

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Q: Does capital formation affect labor productivity?
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