An ambitious, almost fantastical, manifestation of agricultural technology is expected to come to fruition this fall. From the remains of an abandoned steel mill in Newark, New Jersey, the creators of AeroFarms are building what they say will be the largest vertical farm, producing two million pounds of leafy greens a year.
Capital cost, $30 million.
Wholesale price of leafy greens? $1 a lb?
Without even thinking about operating costs doesn’t cover cost of capital, does it?
The US simply doesn’t have a shortage of land. It’s an idiot idea.
No, this isn’t just grumpy mcgrumpface about hippies being idiots. There’s an Oz version of a technology which uses solar to desalinize seawater which is then used to grow tomatoes, cucumbers and the like hydroponically. That one has some merit to it. Stick one of those structures in the Bahamas and undercut the 300% tariff rate which American produce faces……
But why try land light growing techniques in a place with a superabundance of land? We’re trying to optimise the use of scarce resources. What’s scarce about land in the US?
Economics Is Scarce Resources Allocation – What Resource Constraint Does Urban Farming Solve?