In the News

Vertical Farming: Feeding the Future Without Trashing the Planet

Geoff Riley

23rd July 2024

Imagine walking into a massive warehouse and finding rows upon rows of lush, green plants stretching up to the ceiling. Welcome to the world of vertical farming, an innovative method that promises to revolutionize how we produce food. This cutting-edge approach could help "feed the world without trashing the planet," according to Fischer Farms, a leading player in this exciting industry. This BBC news article looks in more detail at vertical farming.

Growing Upwards: The Basics of Vertical Farming

Vertical farming is all about growing crops in stacked layers, much like the shelves in a supermarket. These layers are carefully controlled with artificial temperature, light, water, and humidity to create the perfect environment for plants like rocket, watercress, basil, and chives. Fischer Farms, based in Norwich, is a prime example of this futuristic farming method, producing up to 1,000 tonnes of leafy greens, herbs, and salads every day!

Economic Potential: A Game Changer

Belinda Clarke, the director of Agri-TechE, calls vertical farming "a game changer for the industry." But she also acknowledges the challenges in getting the business model right.

Vertical farming isn't just about growing plants; it's about doing it efficiently and profitably. Tristan Fischer, the founder of Fischer Farms, believes this system can provide global food stability, especially in urban areas where traditional farming is impossible.

The Economics of Vertical Farming: High Upfront Costs

One of the main hurdles for vertical farming is the high initial investment. These sophisticated systems require a lot of capital to set up. To make it worthwhile, investors often look for high-value crops like those used in pharmaceuticals or cosmetics, or crops that are typically imported off-season.

Efficient Land Use

Despite the high costs, vertical farming is incredibly efficient in terms of land use. Fischer Farms' four-acre unit produces as much food as a traditional 1,000-acre farm! This efficiency can significantly reduce the strain on our planet's resources, offering a more sustainable way to meet the growing food demand.

Energy Dependency

However, this method does require a lot of energy. Vertical farms need to be near sustainable energy sources like solar farms or anaerobic digesters to remain viable. Fischer Farms is leading the way here too, planning to use energy from a new 130-acre solar farm to power its operations.

Challenges and Future Prospects

While vertical farming holds immense promise, it comes with its own set of challenges. For instance, it might not be suitable for all types of crops. Dr. Clarke points out that cereals, which grow well in natural sunlight, might not justify the high costs of vertical farming.

Nevertheless, Fischer Farms is experimenting with a variety of crops, including wheat, fruit, soy, and peas, to explore the full potential of this method. Growing crops in a biosecure environment without pesticides or herbicides adds another layer of benefit, ensuring cleaner, safer food.

Discussion Points and Exam Questions

  1. Evaluate the potential economic benefits of vertical farming compared to traditional farming methods.
  2. Discuss the challenges associated with the high initial capital costs in vertical farming. How can these be mitigated?
  3. Analyze the role of sustainable energy sources in the viability of vertical farming.
  4. Debate the feasibility of vertical farming for different types of crops, considering factors like cost, efficiency, and crop suitability.

Glossary of Key Economic Terms

  • Biosecure: An environment that prevents the introduction of harmful organisms.
  • Capital Costs: Initial costs required to set up a business or project.
  • Efficiency: The ability to maximize output with given inputs.
  • Equity Firm: A company that invests in private businesses.
  • High-Value Crop: Crops that generate high economic returns.
  • Sustainable Energy Source: Energy from renewable resources that do not deplete over time, like solar or wind power.

Vertical farming might just be the next big leap in agriculture, promising to deliver more food using less land and fewer resources. For budding economists and future innovators, this is a fascinating area to explore and develop!

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.