4 ms·
I agree with your general point but I think you have to inspect the numbers. Ag has problems that vertical farming still looks like a solution for: - market ga
by psd1 3y ago
I agree with your general point but I think you have to inspect the numbers. Ag has problems that vertical farming still looks like a solution for:
- market gardening is labour-intensive
- water shortages look like getting worse, not better, in many regions
- food miles, fertiliser and pest controls are significant costs
- time to market is critical for some produce
Just today I read an article on HN about the labour costs of asparagus. A capital outlay that can reduce that labour is still appealing. And may I point out the complexity of conventional agricultural machinery?
A bubble bursting doesn't invalidate the field. Maybe the first generation of startups will go tits-up, but the growth opportunity is still there. You had inside perspective on the mortgage bubble, but I think that without that perspective in this case, you're only right by accident. I am not sure this is even a vertical farming bubble, it might be better described as a credit crunch affecting startups in multiple industries, and VF might be hit hard simply because it's all startups at the moment.
- forgetfreeman 3y agoYou get different pictures depending on what numbers you're squinting at. Staring at luxury produce like asparagus might lead one to believe the industry has a point. Turn your attention to cereals and grains and literally nothing the industry says makes sense. A quick examination of what percentage of the world population considers asparagus a dietary staple, and the delta in acreage utilization between say asparagus and soybeans makes industry claims that vertical farming has anything relevant to add to the current slow burning agricultural crisis seem ludicrious at current global population numbers.