As the general cost of living - especially food costs - soars to all-time highs, Indoor farming startups could help ease the pain at the cash register.
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While most of the well-known names in the space like AppHarvest and Kalera started out as regional players, ample funding, economic factors, as well as favorable public policy have created the right mix of circumstances for vertical farming firms to expand their reach.
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A push to local grocers is set to play a big part in the effort for some of the players in this space to connect more seamlessly with consumers around the country. Kalera announced in late August that it will start selling its greens at 40 Trader Joe’s locations.
Bolstered by a new round of funding led by Fidelity Management, Bowery Greens has surpassed servicing 1,000 stores nationwide.
Many see a shift to see some of these newer agro firms as legitimate players in the nation's food supply ecosystem as a way to help save the average consumer a few dollars on their grocery bill while addressing the real issue of energy efficiency.
Since Vertical farming - as the name suggests - takes up less space and resources, proponents of the industry see a need for more entrants as time goes on.
What is vertical farming?
Vertical farming is the practice of growing crops in vertically stacked layers. It often incorporates controlled-environment agriculture, which aims to optimize plant growth, and soilless farming techniques such as hydroponics, aquaponics, and aeroponics.
