“When Covid hit, that severely shocked the food chain and distribution centers were closed,” Matt Barnard, Plenty CEO, said on CNBC on Wednesday. “There were instances when Plenty was the only thing on the shelf. We were able to prove the extreme reliability of our farms and short food chain with our local farms.”
With its rivals including AeroFarms and Bowery Farming, these indoor farms are part of a growing crop of AgTech companies that often have some sort of environmental sustainability pitch and tout the use of data science and other technology to increase crop yield and make different parts of agriculture more efficient and traceable. Plenty, for instance, said its vertical indoor farm uses less than 1% of the land and 5% of the water compared with traditional farming.
In another sign of growing interest in the space, Oracle cofounder Larry Ellison and physician Dr. David Agus formed Sensei Holdings, which includes an indoor-farm AgTech business. Investors also look to be taking a growing interest in the space, especially against the uncertain impact of the pandemic and how it may upend the global food-supply chain.
AgTech venture capital investment totaled $2.2 billion in the first two quarters of this year, after a record 2019 when $2.7 billion in total was raised, according
No more og food
🤨 i thought outdoor was better? Like outdoor dining
That can’t be cheap...
It's making everything self dependant, hence gdp is not growing as early..... ?
Are You Looking For An Advanced One Product Shopify Store? I'm here to help you, I provide One Product Shopify Dropshipping Store Which Converts Very Well, Optimized Title & Description, Premium Theme, Professional Logo. If you have any query Contact me:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »