Virgo Investment Group, Ocado Group, and Sonny Vu, the creator of Misfit Wearables, are among the investors who control the business. The business has raised more than $100 million in capital, enabling it to grow its operations and add more vertical farms. The company currently has farms in North Carolina, Arkansas, and Ohio, with plans to add more in the future.
Growing crops vertically in layers using artificial lighting, climate control, and humidity is known as “vertical farming.” In vertical farming, temperature, humidity, irrigation, and illumination are the four most important factors. Any vertical farm must focus on these four areas to succeed. To grow, plants require the proper quantity of light, water, and nutrients, and the ideal growing environment must be created by regulating the temperature and humidity.
Given that it consumes less water and land than conventional farming techniques and generates less waste, vertical farming is frequently hailed as a form of agriculture that promotes sustainability. However, other experts contend that because vertical farming mainly depends on artificial inputs like lighting and warmth, it is not genuinely regenerative. Additionally, any environmental advantages could be undone by the energy needed to power vertical farms, which could originate from non-renewable sources.
Despite these reservations, technology advancements are making vertical farming more dependable. Vertical farms can optimize their growth conditions and raise yields by utilizing artificial intelligence and machine learning. Additionally, the carbon impact of vertical farms is being reduced by their usage of renewable energy sources like solar and wind energy.
Many nations around the world, including the United States, Japan, and the Netherlands, adopt vertical farming. Japan is a pioneer in vertical farming, and many of its farms are situated in constrained-space urban settings. With many of its farms specializing in the production of leafy greens, the Netherlands is a sizable player in the vertical farming sector.
In conclusion, a group of investors control 80 Acres Farms, a prosperous vertical farming business. Lighting, irrigation, temperature, and humidity are the four crucial factors in vertical farming, which is becoming more dependable as technology advances. The use of artificial inputs and non-renewable energy sources in vertical farming raises questions, despite the fact that it is frequently promoted as a sort of regenerative agriculture. Despite these reservations, vertical farming is a significant advancement in the agricultural sector and is practiced in many nations across the world.