Free Republic

The hype around AI-powered vertical farming has come crashing down as profitability remains elusive and funding dries up, pushing several startups into bankruptcy or restructuring. AeroFarms, an early pioneer in vertical farming, filed for bankruptcy last week after building a huge facility in Virginia that drained its cash. Kalera, a local vertical farming company in Florida, also filed for Chapter 11 protection in April after struggling for months. Furthermore, AppHarvest, which operates high-tech greenhouses, is facing lender threats and a sharp drop in its shares. The firm has warned it could become “bankrupt or insolvent” if the issue is not...

The world’s largest vertical farm is coming to Dubai. The indoor farm is a $40 million joint venture between Crop One Holdings and Emirates Flight Catering, who say it’s a way of producing pesticide-free crops while using a fraction of the water that traditional farming does. The produce will feed passengers of Emirates and other airlines at Dubai’s Al Maktoum International Airport. The farm will be built near the airport, eliminating trucking costs and emissions. But is vertical farming really as green as it seems? HOW DOES IT WORK? To feed a growing global population, which could reach 9.1 billion...

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