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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]
It was founded in 2017 by Alex Lyskovsky, [5] the founder of video game publisher Alawar, [6] and his friends. [7] In 2018, the company expanded its facilities with a large-scale salad farm and a laboratory for strawberry production. [8] In 2019, iFarm raised $1 million in a round led by Gagarin Capital.
Controlled-environment agriculture (CEA) -- which includes indoor agriculture (IA) and vertical farming—is a technology-based approach toward food production. The aim of CEA is to provide protection from the outdoor elements and maintain optimal growing conditions throughout the development of the crop.
“According to the latest research study, the demand of US Vertical Farming Market size & share was valued at approximately USD 3.4 Billion in 2023 and is expected to reach USD 4.8 Billion in 2024 and is expected to reach a value of around USD 7.8 Billion by 2033, at a compound annual growth rate (CAGR) of about 10.3% during the forecast ...
Findbusinesses4sale explored what the rise of vertical farming can mean for domestic food production, using Department of Agriculture data.
Koga’s case is this: With more innovation, vertical farming can cut out most of those costs and speed up innovation with year-round R&D, because Oishii “can start experiments anytime during ...
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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