The Case of Vertical Farming – Part Two
It’s time to publish your Farm of the Future report. I am Tim Hammerich.
This week we reported on the limitations of vertical farms, which have attracted millions of dollars in investment, and exploring this way of farming has gotten some people so excited. Yesterday we explored how vertical farms are meeting the demand for local, fresh, year-round produce. Today we look at regions of the world that want to strengthen their national food production. John Purcell is the CEO of Unfold, a startup that sells genetics and digital tools to vertical farms.
Purcell… “It’s countries like Singapore across the Middle East. They have huge reserves of capital. I mean, you think of the Middle East and Singapore and so on. These are countries that have capital. They also have quite sophisticated electronics and a high-tech industry. What don’t they have? The ability to produce a huge amount of food domestically. So they see this as a huge opportunity. And another one that we have a lot of conversations about, and there’s a level of interest in investing, is the UK. You think, UK? But think about Brexit, right? Where most of these products come from the Netherlands. It flows from southern Spain. With Brexit, there are differences in how that pricing happens, in how goods move. So they see it again as a way to increase domestic food production for products. And they already had a lot of brassica production there, but for the wider range of products that they want to grow.
Tune in tomorrow for our latest episode of the vertical farming case.