Want to invest in vertical farming? 3 stocks to grow with

Added on 10 May 2022

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Want to invest in vertical farming? 3 stocks to grow with

The growing global demand for food crops and rapid urbanization have put vertical farming stocks into the spotlight. Many InvestorPlace.com readers would know that vertical farming enables organic and chemical-free crops to be grown anywhere all year round. As the environment is typically artificially controlled, weather conditions do not impact yields.

ˇ Hydrofarm Holdings (HYFM): The hydroponics company continues to expand by acquiring companies that manufacture complementary products for the CEA market.

ˇ Kalera (KSLLF): The agrotechnology company has become a global vertical farming leader with the acquisition of Germany-based &ever Gmbh

ˇ Village Farms International (VFF): The greenhouse operator saw cannabis sales exceed $100 million in 2021, driven by increasing CBD and hemp sales in the U.S

According to Lux Research, the global market size for controlled environment agriculture (CEA), which includes indoor agriculture and vertical farming, could reach $100 billion by 2030. Meanwhile, the global vertical farming market is forecast to grow at a compounded annual growth rate (CAGR) of over 23% between 2022 and 2026. Such an increase would mean a market value of $31.6 billion by 2030.

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Source: Yahoo News