There's certainly been a fair amount of hype about vertical farming over the years. And while there's still a long way to go before this ag sector becomes a true alternative to outdoor farming, it feels as if we're reaching an inflection point where sci-fi dreams are becoming reality. Bowery is a case in point.
Bowery has just launched FarmX, its new vertical farm for R&D that's 300 times larger than the first. It's also building a new, bigger than ever commercial farm in Bethlehem, Pennsylvania which will enable it to sell over 20 million clamshells of leafy greens and produce each year. While that's still the equivalent of just 115 acres of outdoor farmland, it's certainly a turning point and year-over-year growth is significant; since January 2020, the company has increased its brick-and-mortar grocery sales by 750%.
Challenges lie ahead. Energy efficiency and costs are still battles to contend with and other vertical farming groups have struggled to live up to their promises of international expansion. But Bowery founder and CEO Irving Fain has an answer for everything.
If you're a vertical farming enthusiast, or a newbie keen to learn about this exciting industry, this episode will take you on a journey of Bowery's founding, why they decided to build all their technology in-house, their growth plans, how they're breaking into new crops and digging into crop genetics to do so, and the overall mission and hopes for the industry at-large.
Enjoy!