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The profit margin on lettuce is 40%. 60% of the costs are labor related so it can work but Bowery took on too much debt. The capital requirements up front mak
by ipaddr 2y ago
The profit margin on lettuce is 40%. 60% of the costs are labor related so it can work but Bowery took on too much debt. The capital requirements up front make it undesirable but once operational it can be cheaper for a variety of reasons like no labor/low transportation costs/less spoilage/premium for pesticide free.
- fred_is_fred 2y ago60% labor costs with all their claimed automation seems high.
- ipaddr 2y ago60% are traditional farming costs