A Dutch Vertical Farming Company Has Just Been Valued At Over $1 Billion
18th December 2021
So what do they do that’s worth a billion dollars?
At the moment the company grows 75 different varieties of herbs, salads and leafy greens but the company ultimately wants to grow the entire fruit and vegetable basket and sell premium food at affordable prices to everyone.
Herbs. Salads. ‘Leafy greens’. In other words, the easy stuff. No maize. No wheat. No rice. None of the plants that most of the world depends on for sustinence. Just salad stuff. I see.
Next year, it plans to expand its portfolio with 40 new crops including mushrooms, cherry tomatoes, peas and strawberries.
Still short plants. No substantial grains. No orchard fruits. How … important.
While they have many advantages, critics of vertical farms say they struggle to turn a profit, they use too much energy and they can be expensive to run. They can also produce light pollution and other forms of pollution.
Uh, yeah. When they start growing corn and apples, let me know.