Singapore's homegrown farming dream is beginning to fade

Added on 14 August 2024

Tags

Singapore's homegrown farming dream is beginning to fade

Image by drobotdean on Freepik

By most measures, Karthik Rajan’s farm in Singapore is a success story. Run from a two-hectare plot of land in the island’s north, LivFresh has been supplying major supermarkets with spinach, lettuce and other Asian green vegetables since 2022. The firm turned profitable in March.

It may still close down by the end of the year.

Rajan is one of a small number of entrepreneurs attempting to farm in a country smaller than New York City. Like most of his peers, he’s facing an uncertain future as funding runs dry, with investments in homegrown agricultural startups cratering over the past few years.