Summary
Vertical farming is the practice of growing crops in vertically stacked layers. It often incorporates controlled-environment agriculture, which aims to optimize plant growth, and soilless farming techniques such as hydroponics, aquaponics, and aeroponics. Some common choices of structures to house vertical farming systems include buildings, shipping containers, tunnels, and abandoned mine shafts. , there is the equivalent of about of operational vertical farmland in the world. The modern concept of vertical farming was proposed in 1999 by Dickson Despommier, professor of Public and Environmental Health at Columbia University. Despommier and his students came up with a design of a skyscraper farm that could feed 50,000 people. Although the design has not yet been built, it successfully popularized the idea of vertical farming. The main advantage of utilizing vertical farming technologies is the increased crop yield that comes with a smaller unit area of land requirement. Another sought-after advantage is the increased ability to cultivate a larger variety of crops at once because crops do not share the same plots of land while growing. Additionally, crops are resistant to weather disruptions because of their placement indoors, meaning fewer crops are lost to extreme or unexpected weather occurrences. Because of its limited land usage, vertical farming is less disruptive to the native plants and animals, leading to further conservation of the local flora and fauna. These advances have led vertical farming companies to raise unprecedented amounts of funding in North America as well as in other parts of the world such as the Middle East. Today, venture capitalists, governments, financial institutions, and private investors are among the principal investors in the sector. Vertical farming technologies face economic challenges with large start-up costs compared to traditional farms. In Victoria, Australia, a "hypothetical 10 level vertical farm" would cost over 850 times more per square meter of arable land than a traditional farm in rural Victoria.
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