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The vertical farming boom is over (for now). What went wrong?
- 32gbsd 3y agoPump and dump. These startups are too high tech so they burn money faster than they can lure people in to invest
- GianFabien 3y agoAnything that relies on abundant cheap electricity is doomed to have challenges. Notwithstanding all the optimistic talk, green energy is has turned out to be slower to delivery the benefits than originally anticipated.
- nness 3y ago> Vertical farming’s breakeven cost of production per pound of leafy greens coming to $3.07 compared to only $0.65 for conventional outdoor farming. Surely some napkin math you could have determined this prior to starting a business? What was the "gotcha" which attracted investors? Did it play into their sense of world-ending food-scarcity doom, or a simple "it looks futuristic so much be the future?"