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The term "vertical farming" was coined by Gilbert Ellis Bailey in 1915 in his book Vertical Farming.His use of the term differs from the current meaning—he wrote about farming with a special interest in soil origin, its nutrient content and the view of plant life as "vertical" life forms, specifically relating to their underground root structures. [16]
The AVF acknowledges that vertical farming in its current state can provide access to fresh, safe, and sufficient food, independent of climate and location. In the decades to come, where overpopulation and severe planetary changes challenge our current way of life, vertical farming will become a necessary solution in global food production.
Vertical farming is a practice with an almost impossibly long history—some argue that vertical farming’s origins can be traced as far back as the Hanging Gardens of Babylon and the Aztecs.
A 2020 survey of indoor farming in the U.S. [18] found that indoor production was: 26% leafy greens, 20% herbs; 16% microgreens; 10% tomatoes; 28% other; AeroFarms, founded in 2011, raised $40 million in 2017 and reportedly opened the largest indoor farm in the world in Newark, New Jersey in 2015; [19] by 2018 it built its 10th indoor farm. [19]
Findbusinesses4sale explored what the rise of vertical farming can mean for domestic food production, using Department of Agriculture data.
In September 2016, the AeroFarms Global Headquarters opened in a 70,000 square-foot facility in Newark, which is the largest indoor vertical farm in the world based on annual growing capacity. [5] The farm was built in a 75-year-old former steel mill facility and has the capacity to produce up to two million pounds of leafy greens per year. [6]
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made... Companies Like Vertical Ventures (STO:WIFOG) Can Be Considered Quite Risky
Vertical farming is a proposed agricultural concept in which entire urban high-rise buildings, not just the building envelope, are dedicated to large-scale farming. [21] According to various researchers, to be realized vertical farms would require significant technological breakthroughs with regards to energy consumption and lighting. [ 22 ]
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