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In July 2020, company became a member of the international Association for Vertical Farming. In August 2020, the company announced the raise of $4 million in seed funding from a group of investors. [12] [13] [14] In the same year, iFarm partnered with YASAI AG and Logiqs B.V. to launch Zurich's first vertical farm. [15] iFarm inside
Replicating a conventional farm with computers and LED lights is expensive but proves cost-efficient in the long run by producing up to 20 times as much high-end, pesticide-free produce as a similar-size plot of soil. Fourteen thousand square feet of closely monitored plants produce 15 million seedlings annually at the solar-powered factory.
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]
Findbusinesses4sale explored what the rise of vertical farming can mean for domestic food production, using Department of Agriculture data.
A vertical farm has been showcased at Cop28 by a UK firm to help farmers in the Middle East grow crops and reduce water usage. The “gigafarm”, launched by the ReFarm group of companies working ...
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]
Plans call for the $300 million facility to grow crops in 30-foot towers on the site that will annually make up to 20 million pounds of produce
[34] [35] AeroFarms, leveraging Harwood's patented aeroponic technology, currently operates the largest indoor vertical farm in the world based on its annual growing capacity in Newark, New Jersey. This state-of-the-art farm employs aeroponic technology to produce and distribute up to two million pounds of pesticide-free leafy greens each year.
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