There's a lot of misunderstanding of agriculture in this thread. 1) No, land is not expensive. In agricultural areas, land is quite cheap. Organizing shelves of crops vertically solves for a problem that isn't actually a problem. 2) The sun is free and electricity isn't cheap. Putting plants indoors and then buying electricity to create light is going to be expensive compared to using the free sun. (The absurdity of…
In a word no. I spent twenty years as a fertilizer agronomist and I'm very familiar with the costs of producing a crop. The numbers simply do not work. Even when they tried in Detroit and got buildings for five cents on the dollar they couldn't make it work. The investors funding these enterprises do not understand agricultural economics. I keep investigating these stories looking for some kind of 'breakthrough tech'…
Even with all of that the economics have been right on the edge of easy profitability for the last few years. The biggest advancement hasn’t been a revolutionary technology, but a combination of exponentially decreasing cost of LED’s, the efficiency of LED’s, and investment in the racking and tower equipment. All of these have been decreasing, and steadily moving the line up for profitability. Combine that with continued development of robotic planting and harvesting which is a much larger cost for vertical farms since the equipment hasn’t all been developed yet.