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Vertical Farming To Shape Food's Future Top Companies To Share Expertise At Online Congress - September 22-24, 2020
The first Vertical Farming World Congress will now be held online on 22-24 September, with numerous innovations to help develop an emerging community of leading producers, funders, suppliers, and customers. Its theme will be ‘Shaping Food’s Future
The first Vertical Farming World Congress will be held online from 22nd to 24th September, bringing together the sector’s top minds and businesses, who believe the coronavirus pandemic will accelerate the industry’s inevitable growth. With the theme ‘Shaping Food’s Future’, the event is sponsored by LED lighting solutions provider Heilux.
“This is a unique opportunity for interested investors, agriculturalists, food producers, suppliers, academics and governments,” commented Richard Hall, Chairman of event organizer Zenith Global, the food and drink experts. “There may never be a better time, because the industry is rapidly establishing itself and an online event gives a ringside seat more affordably, along with all kinds of extra features.
“In addition to the most authoritative speakers ever assembled on the sector, there will be virtual farm tours, round tables on key issues, and extensive social as well as one-to-one networking. There will be ongoing access afterwards to review presentations and continue making new connections.
“It will be difficult to beat the caliber and geographic spread of our speakers:
Our industry leadership panel has the founders and chief executives of AeroFarms and 80 Acres Farms from the United States plus Intelligent Growth Solutions and Jones Food Company from the United Kingdom.
On sustainability, we have the World Wildlife Fund; on retailing, we have Migros from Switzerland.
Investors are represented by AgFunder, Ashfords, Innovate UK, and Virgo.
Other leading contributors range from the global Association of Vertical Farming to Wageningen University.
Other talks include a view of the city of the future, a nutrition briefing, and debate about the relative merit of aeroponics, aquaponics, and hydroponics.
A technology briefing will look in-depth at operational choices, plant growth, lighting, and robotics.
Innovator case studies include growing underground, modular aeroponics, shipping containers, and success in Taiwan.”
Media partners include AgFunder, Agritecture, AOA Chile, Association of Vertical Farming, Eatable Adventures, Farm Tech Society, FoodBev Media, Hortidaily, iGrow, Japan Plant Factory Association, NextGenChef, Urban Ag News, Vertical Farming Consulting, and Vertical Farming Podcast. Full program and booking details are available at zenithglobal.com/events. There is a specially discounted rate for start-ups.
Media partners include AgFunder, Agritecture, AOA Chile, Association of Vertical Farming, Eatable Adventures, Farm Tech Society, FoodBev Media, Hortidaily, iGrow News, Japan Plant Factory Association, NextGenChef, Urban Ag News, Vertical Farming Consulting, and Vertical Farming Podcast.
Full program and booking details are available at zenithglobal.com/events.
There is a specially discounted rate for start-ups.
For further information, go to www.zenithglobal.com/events or contact events@zenithglobal.com.
IDTechEx Identifies Innovative Companies Changing The Face of Vertical Farming
Vertical farming, the practice of growing crops indoors under tightly controlled conditions, is continuing to expand rapidly
Sep 02, 2020
BOSTON, Sept. 2, 2020,/PRNewswire/ -- Vertical farming, the practice of growing crops indoors under tightly controlled conditions, is continuing to expand rapidly. By using LED lighting tailored to the exact needs of the crop, alongside advanced hydroponic growing systems, and growing crops in vertically stacked trays, vertical farms can achieve yields hundreds of times higher than the same area of traditional farmland.
Investors and entrepreneurs alike are excited about the potential of vertical farming to revolutionize the global food system and some vertical farming companies have raised dizzying amounts of money. Plenty, a San Francisco-based start-up, and the most well-funded vertical farm, has raised $401 million in funding, with backers including SoftBank, Alphabet Chairman Eric Schmidt, and Amazon CEO Jeff Bezos. Fellow US start-ups AeroFarms and Bowery Farming are not far behind, with $238 million and $167.5 million in funding, respectively.
While there has been much attention on these companies and their exploits, there are dozens of other companies in the industry developing their own approaches to vertical farming. Here, we explore some of the most innovative vertical farming start-ups, based on the recent IDTechEx report, "Vertical Farming 2020-2030".
Freight Farms
Freight Farms is a Boston-based vertical farming company that manufactures "container farms", vertical farming systems installed into 40' mobile containers. Alongside its container farms, Freight Farms provides the farmhand software, a hydroponic farm management, and automation platform that also connects users with other Freight Farms customers. Container farms have many advantages - they are easy to transport, compact, and relatively cheap to set up in comparison to other vertical farming systems. Container farms are often turnkey systems, too, meaning that they require much less experience and expertise to operate than either a factory-scale vertical farm or indeed a traditional farm.
Freight Farms recently released its most advanced container farming system, the Greenery, which it believes is the most advanced container farming system in the world. The Greenery is a turnkey system that uses an array of sensors to continuously monitor the growing conditions inside the farm, with the farmhand software automatically making adjustments and planning watering cycles in order to provide the optimum environment for growing crops and allowing users to control their Greenery remotely from a smartphone.
80 Acres – Collaboration, Food Experience
Despite their potential, many vertical farming start-ups have struggled over the years with the labor costs and power requirements for running a high-tech indoor farm. This has often forced producers to sell their crops at a much higher price than conventionally farmed leafy greens. Additionally, many founders of vertical farming companies have little experience in the food industry and can struggle with the day-to-day realities of running a food production industry.
80 Acres is an Ohio-based vertical farming start-up aiming to overcome these challenges by constructing the world's first fully automated indoor farm. The company was founded in November 2015 by Tisha Livingston and Mike Zelkind, who between them have over 50 years' experience in the food industry. Collaboration is also important to 80 Acres. The company believes that vertical farming is a very multidisciplinary field, requiring collaboration between partners who are experts in their own discipline. Signify (formerly Philips Lighting) developed the LEDs used in the facility and Dutch greenhouse automation company Priva developed the control and fertigation systems, with 80 Acres using its experience in food to bring the system together and integrate the technology.
The company currently operates a 75,000 square foot facility in Hamilton, a suburb of Cincinnati, which is set to expand to 150,000 square feet in summer 2020 following a $40 million investment from Virgo Investment Group. When completed, 80 Acres claims this facility will be the world's first fully automated indoor farm. The farm will be automated from seeding to growing to harvesting, using robotics, artificial intelligence, data analytics, and around-the-clock monitoring sensors and control systems to optimize every aspect of growing produce indoors.
Jones Food Company
Jones Food Company is a British vertical farming start-up that operates Europe's largest vertical farm out of a warehouse in Scunthorpe, UK. It was founded in 2016 by James Lloyd-Jones and Paul Challinor, who wanted to build the largest vertical farming facility that they could in order to help overcome some of the operational problems plaguing the industry and bring vertical farming to the mainstream. After visiting several vertical farms in Japan, they decide that the only way to make vertical farming a success is to focus on scale and automation.
Jones Food Company focuses on maximizing automation and robotics in their facility to minimize operating costs, with its facility being modeled on a car factory, with the growing process resembling a production line - over the 25-day growing period, plants move from one end of the facility to another. Much of the work is done by machines, helping to reduce labor costs. Harvesting is carried out by bespoke machines and the heavy lifting is performed by a robot called Frank. This focus on automation means that only six employees are required to operate the Scunthorpe facility.
Jones Food Company has partnered with UK online grocery company Ocado, which currently owns about 70% of the business. Through this partnership, Jones Food Company is aiming to set up vertical farms next to Ocado's grocery depots, meaning that fresh produce could be delivered to shoppers within an hour of being picked.
Infarm
Infarm is a Berlin-based start-up that sells modular, hydroponic vertical farms for growing leafy greens and herbs in supermarkets, schools, and offices. A single two-square meter unit can grow 8,000 plants in a year, with the company claiming its farms use 95% less water than soil-based farms, take up 99.5% less space, use zero chemical pesticides, need 90% less transportation, and use 75% less fertilizer.
Infarm has partnered with several major supermarkets across Europe, where it has currently deployed over 500 farms in stores and distribution centers. The company is also beginning to expand in the USA, having recently partnered with Kroger to trial its indoor farms in two QFC stores in Seattle. In the UK, it has partnered with supermarket chain Marks & Spencer, which is trialing in-store urban farming in seven locations in London, growing Italian basil, Greek basil, Bordeaux basil, mint, mountain coriander, thyme, and curly parsley.
The company's business model is based around an "agriculture-as-a-service" model. The modular farms remain the property of Infarm, which receives income per harvested plant. Infarm then coordinates with clients such as retailers and takes care of the farm including installation, cultivation, harvesting, and maintenance. Aside from the regular visits by service personnel to plant new plants, the farms are controlled remotely. This modular, data-driven, and distributed approach — a combination of big data, IoT, and cloud analytics — sets Infarm apart from competitors. From a price point, Infarm is attractive for supermarkets, which get a better product at the same price. In addition, the plants, especially herbs, are harvested fresh, preserving color, smell, flavor, and nutrients.
For more information about the vertical farming industry and the innovative companies operating within the space, please see the recent IDTechEx report, "Vertical Farming 2020-2030", www.IDTechEx.com/VertFarm or for the full portfolio of related research available from IDTechEx please visit www.IDTechEx.com/Research.
IDTechEx guides your strategic business decisions through its Research, Consultancy, and Event products, helping you profit from emerging technologies. For more information on IDTechEx Research and Consultancy, contact research@IDTechEx.com or visit www.IDTechEx.com.
Ocado Boosts Stake In Vertical Farming Specialist Jones Food Co
The online grocery giant bought a 58% stake in Jones Food Co in November 2019 and is understood to have exercised an option in that deal to grow its ownership to approximately 70% of the company
By Alec Mattinson, George Nott
28 August 2020
Ocado Has Upped Its Stake In Vertical Farming Specialist
Jones Food Company To Help
Support The Building of More Farms Next Year
The online grocery giant bought a 58% stake in Jones Food Co in November 2019 and is understood to have exercised an option in that deal to grow its ownership to approximately 70% of the company.
Ocado’s investment will help the indoor produce grower build three more farms in the UK before the end of 2021.
CEO and founder, James Lloyd-Jones told The Grocer: “Their investment is helping us very keenly understand all aspects of the systems we’re building, so we can make sure we’ve got price parity with field and greenhouse-grown, year-round.”
Scunthorpe-based Jones Food Co is Europe’s largest vertical farm operation, with its 5,000 sq m facility stacking up 12 metres high over 17 layers of produce.
Ocado invested in the company as part of a wider £17m bet on vertical farming that also saw it form a joint venture Netherlands-based Priva and US-based 80 Acres called Infinite Acres.
Ocado does not currently list products from its vertical farm operations on its site but hopes to build vertical farms next to or within its CFCs and Ocado Zoom micro fulfillment centres and has mooted plans to open as many as 10 within five years.
The farm’s first crop was harvested in November 2018 and was sold to food-to-go specialist Greencore.
“We want to provide any sort of crop, grown at a value anyone can buy,” Lloyd-Jones said. “I want vertical farming to become boring and not exciting and techy because the minute it’s boring we’ve cracked it.”
Topics: Finance Mergers & acquisitions Ocado Technology
Vertical Farming Congress Makes Virtue of Virtual
The first Vertical Farming World Congress will now be held online on 22-24 September, with numerous innovations to help develop an emerging community of leading producers, funders, suppliers, and customers. Its theme will be ‘Shaping Food’s Future.’
By urbanagnews
July 30, 2020
The first Vertical Farming World Congress will now be held online on 22-24 September, with numerous innovations to help develop an emerging community of leading producers, funders, suppliers and customers. Its theme will be ‘Shaping Food’s Future.’
“We already had top speakers confirmed from around the world including North America, the Middle East and Asia as well as Europe,” commented Richard Hall, Chairman of the food and drink experts Zenith Global and the event’s organiser.
“Now, instead of one vertical farm tour, we plan to offer a selection. Beyond chance encounters, it will be possible to contact other delegates and set up meetings beforehand. Questions can also be tabled in advance and sessions will be recorded for later review. Regional welcome receptions will enable introductions to other delegates from the same geographic area.
“When you add the advantages of extra people being able to attend because of no travel, time being used more flexibly and costs being substantially lower, we believe we can deliver even greater value,” Richard Hall added. “I hope attendees will be surprised how virtual can be made to feel real.”
Full programme and booking details are available at www.zenithglobal.com/events. Topics include: market opportunity; an industry leadership panel; strategic alternatives between aeroponic, aquaponic and hydroponic systems; technology briefings ranging from lighting and robotics to overall system design; a nutrition briefing; a funding panel; and key innovator case studies.
Amongst the speakers are:
• Leading producers such as 80 Acres Farms, Aero Farms, Growing Underground, Intelligent Growth Solutions, Jones Food Company, LettUs Grow, Root AI, Square Roots, The Circle, Uns Farms, Vertical Future and YesHealth
• Association heads and academics from Germany, Japan and the Netherlands
• Investment experts from Ashfords, Innovate UK and S2G Ventures. For further information, go to www.zenithglobal.com/events or contact events@zenithglobal.com