Indoor growing is perfect for the beauty industry, as it allows us to cultivate in a fully controlled environment free from pesticides and any harmful chemicals. iFarm’s technology fits the needs of our researchers, since they are able to vary a wide range of parameters.
Khalid M. Shokair
CEO, Green Basket
This is a new era for Saudi Arabia and the hospitality industry is attracting professionals and tourists from all over the world. Until now, popular ingredients have been imported due to poor growing conditions, but we’re excited to bring locally grown produce to Riyadh.
Mark E. Zahran
Co-Founder and CEO, Yasai
The range of plant growth recipes available via iFarm’s Growtune software was critical to our goal of increasing crop and food diversity.
Media: iFarm in Focus
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We believe in using the most advanced technologies available to provide all people with equal access to fresh, safe, and sufficient food everywhere and at all times. We develop our iFarm urban farm systems for those who believe in smart, sustainable, local food sources.
At iFarm, we are creating a globally significant network of data-enabled vertical farms, and we're looking for like-minded entrepreneurs who want to take part in changing how people access and think about food.
We encourage people around the world to start their own profitable vertical farming business using our products, taking advantage of full technological support and training from iFarm.
Frequently Asked Questions about Vertical Farming Business with iFarm Technologies
The cost to build a vertical farm depends on the size of the facility, generally falling within the range of $1,000 to $2,000 per sq.m of floorspace.
For example, for a facility with 2,000 sq.m of grow area and 1,000 sq.m of floorspace with a ceiling height of 4.5 m, the investment costs for a iFarm Leafy Greens or iFarm Stackgrow vertical farming system would be about $1,100 per sq.m before taxes, duties, and delivery costs. In addition, the building used for the farm may require cosmetic or structural construction work. In some cases, entrepreneurs build a new structure from scratch.
To launch a farm one also needs working capital, which is roughly equal to 2 months of revenue.
iFarm provides services to help entrepreneurs create a financial model that identifies all expenses and estimates revenues, harvest size, and payback period.
Please get in touch, and we will help you find the location that works best for you. We also offer online guided tours on active commercial farms.
Greens, herbs, vegetables and berries grown on an iFarm vertical farm have the following advantages:
Extreme freshness: the time elapsed between cutting the plant and delivering produce to the kitchen of a restaurant or a store shelf is a matter of mere hours.
Year-round harvesting and deliveries you can count on
Stable expenses: price of produce remains constant throughout the year
No pesticides. They are simply not needed in an enclosed system.
No need for gas modification: when stored properly, the greens lose moisture slowly, in the natural way.
Produce is extremely uniform in weight, appearance, and taste.
Free from diseases and deformations.
Greens don’t need to be washed or sorted
Learn more about how storage conditions affect products in our blog article.
The biggest users of electricity on a vertical farm are the LED lamps (55%), air conditioners (30%), and dehumidifiers (10%). These account for more than 95% of energy use, with 5% used by other devices. Here is the full list of equipment that uses electric energy:
Air conditioning system (cooling, heating, and circulating air)
Osmotic system (purifies water)
Fertigation unit (mixes nutrient solution for plants)
Pumps for pumping plant nutrition onto the racks
Humidifiers and dehumidifiers
Controllers and automation (maintain stable microclimates, control solution mixing and watering)
Computer and modem for accessing Growtune software and controlling the farm.
The smallest feasible vertical farm with iFarm technologies is 50 sq.m. This would be a single room with several growing racks and a small seeding area (instead of a germination chamber).
However, our experience shows that small farms like this are not the optimal choice for a profitable business. This is because the initial capital investment is still relatively high for a small farm, but the time to recoup that investment is longer. The larger the farm, the shorter the payback period. The optimal size for vertical farms in terms of investment-to-profit ratio starts at 500 sq.m of floor space with 7.5 m ceiling height, equating to 1,000 sq.m of growth area. Calculations for each farm are done individually. You can estimate potential profitability with our free calculation tool or schedule a business-model consultation with iFarm experts.