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This Week in Indoor Farming: Partnerships and Acquisitions Promoting CEA
The Georgia Department of Economic Development (GDEcD) has partnered with 4 Fungi’s Regenerative, a spin-off of Better Fresh Farms, to establish a cutting-edge greenhouse facility in Metter, Georgia, focusing on sustainable and controlled environment agriculture. The collaboration aims to innovate in the agricultural sector by using circular economy principles, such as turning local agricultural waste into soil amendments. Governor Brian P. Kemp and other state officials have praised the initiative for its potential to revolutionize Georgia's leading industry. The project will bring nearly 50 new jobs and a $27 million investment to the local community, further promoting economic growth and regional food security while reducing environmental impact.
FruitCast, a Lincolnshire-based company specializing in yield forecasting services for soft-fruit growers, has successfully secured £2.8 million in a recent funding round. The initial investment was led by Ceres Agritech, with additional contributions from private investors and Innovate UK’s investor partnership program. With this new influx of capital, FruitCast is set to launch its cutting-edge technology in 2024 officially. Utilizing AI-enabled data analytics, the company aims to improve the accuracy and efficiency of yield forecasting significantly. The technology has undergone rigorous testing on soft fruit farms across the UK and has shown promising results. By revolutionizing traditional manual methods of yield forecasting, FruitCast's technology has the potential to impact cost management and profit margins for growers significantly.