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Largest indoor vertical farm campus in the world: Projected $300 million investment expected to bring more than 300 jobs to Virginia
Walmart said Tuesday it has taken a stake in agriculture startup Plenty, becoming the first large U.S. retailer to significantly invest in indoor vertical farming as a way to deliver fresher ...
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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]
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]
Bowery Farming was a New York-based vertical farming and digital agriculture company with farms in New Jersey, Maryland, and Pennsylvania. [ 2 ] [ 5 ] It grew and delivered pesticide-free lettuce , leafy greens, and herbs.
Retail giant Walmart Inc said on Tuesday it is investing in indoor vertical farm Plenty as part of a $400 million funding round and will be buying leafy greens from them for its stores in California.
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.