Imagine a farm scenario that increases productivity by 130%, uses 95% less water, involves no pesticides and can be harvested 24 times per year, rain, snow or shine.
Aerofarm, a new jersey based vertical farm company has become a pioneer in this type of farming. What’s driving the explosive growth in this areas…the globe climate changes which are driving significant draught scenarios in many places where farming flourished. Aerofarm isn’t the cheapest game in town. Not yet at least. They will need to invest significantly in the latest robotics and automation capabilities to drive costs down significantly. They are facing high energy costs of running the plants, facility costs of building out the factories with optimized fixtures…all leading to a premium, yet higher quality, sales price initially.
Carnegie Mellon’s University of Computer Science is aggressively working to address the paradigm shift in how we grow food….using government grants to invest heavily in the development of sensing technology, robotics and AI technologies to improve overall crop management using data driven decision making. This is a big market opportunity with growth of agricultural robots set to increase from 32,000 units in 2016 to almost 600,000 units by 2024…creating a ~$75B market.
Implications will change how large scale suppliers invest for the future…quickly retiring old farming techniques susceptible to further climate impacts with faster, better and more scalable solutions. Orange groves, apple orchards and generally vegetables of any type will be produced at scale in a fraction of the time as traditional impacts.