Vertical farming is making progress, but not profits

Vertical farming is making progress, but not profits

Vertical farming is a potential solution for adapting agriculture to climate change, and to the growing food instability crisis. But it faces a profitability challenge, with several companies facing layoffs and bankruptcies. High energy costs and the need for substantial investments limit the financial viability of growing staples like potatoes and carrots. Instead, startups like the Paris-based Jungle produce premium crops like herbs and flowers that can be sold at a high markup.

Akshat Rathi, host of Bloomberg’s Zero podcast, recently visited Jungle and another vertical farm in Singapore to learn how they make farming work in an ultra-urban environment, and the biggest challenges for the industry going forward. 

Today on CityLab (audio): Perfume? Yes. Potatoes? No. Vertical Farming Tries to Grow Up

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Photo by Petr Magera on Unsplash

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