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With dwindling arable land due to increasing urbanization and climate change, the agriculture industry is facing a crisis. These issues are further exacerbated by the pandemic and various geopolitical events, which are placing increasing pressure on the food supply chain and threatening mass starvation. To that end, vertical farms have shown promise in helping to solve these crises by providing decentralized agricultural hubs, higher growth densities, and decoupling from climatic effects through environmental control systems. The vertical farming industry has thus generated a lot of interest in recent years, amassing more than $1 billion in funding in 2021. However, the reality of vertical farms is perhaps more pessimistic: vertical farms are usually associated with high running costs, a problem to the downfall of many such businesses.
In this webinar, IDTechEx will explain how vertical farms can adapt to the coming age of agriculture. This webinar includes
- Discussions on what vertical farms can bring to the agriculture industry
- An overview of several limitations facing the vertical farming industry today
- Several possible methods for vertical farms to increase profitability
