Across the country, more indoor farms are launching or expanding even as others founder. This summer marked the groundbreaking of a huge vertical farming operation in Virginia by the California-based company Plenty Unlimited.
If they existed to feed people, not to maximize profits, there’d be no issue. But like so much else that has emerged in the last 15 years, they came to be because money was free and the people with it were taking bets on “disrupting” technologies. Now that money has a cost again, investors are unwilling to wait on the tech to mature, or on the existing markets to crumble.
If they existed to feed people, not to maximize profits, there’d be no issue. But like so much else that has emerged in the last 15 years, they came to be because money was free and the people with it were taking bets on “disrupting” technologies. Now that money has a cost again, investors are unwilling to wait on the tech to mature, or on the existing markets to crumble.