Vertical farming is an emerging agricultural method that is gaining recognition worldwide, due to its numerous advantages
in indoor food production. Grand View Research, Inc. stated
that among all indoor farming models, the global vertical farming market is expected to exhibit the fastest CAGR (12,9%) from 2023 to 2030.
The shift towards vertical farming presents farmers with an opportunity to diminish their reliance on conventional agriculture and enhance the quality of their crops. However, implementing vertical farming technologies
on a profitable scale is no easy feat. Vertical farming requires substantial initial investment, and significant ongoing costs, resulting in higher final price of products that may deter consumers.
In this article, you will learn about the key factors that contribute to establishing a profitable vertical farming venture.
This content was prepared with the help of iFarm's Finance team and R&D department.
- What to pay attention to when doing a market research
- The keys of crop selection for a profitable vertical farm
- In-depth guide to the facility selection
- How automation helps business metrics
- Financial models with payback time calculated
- Free tool to create your own vertical farming business model